palle11
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September 10, 2022, 02:07:12 PM |
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Setting a stop loss very close to entry price or same price will not be possible because it will not trigger or activated if you don't allow for certain space between the entry point and the stop loss because the platform has some charge on the trader. Yes ofcourse, everything has their own advantages as well as disadvantages. Trailing stop loss has some disadvantages too but every other order type has it too. It just depends on the individual on what is their preference for the same. As a trader we all have preference in the strategy we use. Trailing stop for example is not the best trading option for me because it is going to pull me out from maximum profit. I would rather stay with the trade, using trailing stop has such disadvantage but if you are not sure of your trade then you can adopt the style of trailing your stop.
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Digital_Lord
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September 10, 2022, 04:51:32 PM |
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Stop loss and trailing stop loss are often finer in terms of short term investment and give you good upshot with the spot trading. Actually it can abate the feasibilities of one's failure and upgrades the chances of profiting. You are pointing out about the fees that because of it you have lost cash so i will say that not every coin has such a top transaction charges just remember that you have to specify coin actively and with full consciousness.
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yhiaali3
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Fully Regulated Crypto Casino
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September 10, 2022, 05:11:23 PM |
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There is no catch, of course, but they are promotional offers from Binance for a limited time. Recently, Binance announced zero trading fees to encourage traders in this bear market. These are really good offers that encourage investors to continue depositing and trading on Binance instead of withdrawing or selling their assets because fear of losing in a bear market. Reducing fees helps the trader to increase their profits in the long run as a result of accumulating small fees.
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|MINER|
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September 10, 2022, 06:30:37 PM |
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~snip~
If you doesn't know about the analysis and read the candlestick then stop loss / limit what ever you used like this you will not able to earn enough profit I think those will be only waste of time. But it's true that you can stop your loss by doing this . I have also used it for my daily trade. If you have the knowledge of how to read and analysis the candles then I think will take a good momentum on your trading by avoiding your loss.
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GeorgeJohn
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September 12, 2022, 05:20:38 PM |
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In order to trade you must be aware of various aspects of trading.Nonsense trading cannot be done. If you start trading without understanding about trading, but start trading, you will definitely get caught.And stop loss plays the most important role in trading platform.Stop loss must be used especially in futures trading platforms. Otherwise you will never know when your money is gone.
Yeah, of course, trading needs concentration and attention and secondly before you become a successful trader you most know the rudiments of trade because if someone enroll into trading without understanding the basic points and the basic strategies behind it, actually the person is going to end up having a huge lose. Because everything needs a proper awareness of the foundation before you can be prosper, and trading needs it very well.
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yhiaali3
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September 12, 2022, 08:45:30 PM |
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Recently, ByBit has also canceled all spot trading fees. In addition, there is no KYC and the daily free withdrawal of funds is 2 bitcoins per day. I also want to note that the size of commissions practically does not play a big role in the success of a trader. What difference does it make, with what commission the trader will lose his money, from zero fee or from 0.02% fee. So when traders look at the size of trading commissions when choosing an exchange, it's funny. They miss the most important thing. In general, when trading derivatives on BitMex, I paid 5% commission from each trade and still had a good profit, because I had a working strategy and I was ready to pay such a commission.
Yes, the size of the fees does not play a big role in long-term trading, because the price difference between buying and selling is large and the profits are large, covering the trading fees with a large profit for the trader, but this may be important for scalping traders, because they make many and quick deals on very small price differences. They only earn some small profits because they lose a lot of fees due to the large number of trades they do daily.
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BITCOIN4X
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September 12, 2022, 08:51:27 PM |
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One of the mistakes that I am making and that prevent me from being a profitable trader is that I do scalping and I lose a lot of money with the fees. Scalping is also profitable but when you don't understand how to profit from it then avoid it. What you need to know is that there is a trading fee that you have to pay every time you scalp, it depends on how much money you have. I also don't understand why you care about trading fees if you really like scalping, do you want to take very small profits instead of waiting for a few percent increase? I like day trading over scalping, but of course both are risky. Try to understand the strategy you use well before you practice it in real trading. You are the one who decides when to take profit, it must be higher than your initial fund.
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batang_bitcoin
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September 12, 2022, 08:55:52 PM |
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Yes, the size of the fees does not play a big role in long-term trading, because the price difference between buying and selling is large and the profits are large, covering the trading fees with a large profit for the trader, but this may be important for scalping traders, because they make many and quick deals on very small price differences. They only earn some small profits because they lose a lot of fees due to the large number of trades they do daily.
But if a trader is bothered by it and sees those commission and trading fees are like a loss to him, we can't do anything about that. It's true that those fees aren't really alot for a trader and if you're into scalping and you're too concerned with it, you better just stop doing it as it is sorting of worrying to you. As you earn and win your trades and if they're like a lot, those fees won't really be a big factor to you. Because you're earning with your trades and just think of it like a little help back to the exchange, lol.
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ChiNgadOr
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September 12, 2022, 10:59:18 PM |
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One of the mistakes that I am making and that prevent me from being a profitable trader is that I do scalping and I lose a lot of money with the fees.
But now I have discovered that binance offers the possibility to trade without commissions for a limited time. So if I set the stop loss at the same price as the entry price (or one cent below the buy price) it should be relatively easy to be profitable.
On the trades I lose I would only lose a few cents and on the trades I gain I would gain much more by using the trailing stop...this commission free trading sounds too nice to be true, doesn't it? is there a catch I don't know about?
If you plan to trade like this then you will need plenty of hours to keep trading before you make a good amount of profits. I think you just have to work on your strategy so you can adjust to make reasonable profits than planing to trade like a bot. It is only a programme bot that cam trade like this and you willake good profits from the ranging of the market with fixed stop lose and take profit. Trading is not going to end today so I think you need to get enough knowledge about trading so you can understand how the market moves so you can be making reasonable profits that can make you cover some bills. Go and work on your strategy and read more books about trading so you can understand more about cryptocurrency market.
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┌∩┐(◕_◕) ┌∩┐ Not your keys, not your coins. Binance (and any other CEX) can fuck off ┌∩┐(◕_◕) ┌∩┐
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ololajulo
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September 12, 2022, 11:15:38 PM |
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Traders doesn’t focus that much with the fees, they are too focus analyzing the chart and knowing their positions. If you really want to be good in trading and want to be more profitable, start doing the right thing like learning how indicators work, knowing when to buy and sell are very common and with that you can just cover those fees from your winning trades. Regardless if its free or not, that can’t still change your trading skills, better to improve it first.
Traders focus more on strategies, charts and fundamentals and not on fees. Before you start trading you should make good research about the good exchange based on security first and then fees can come in. Responding about the stop lost discovery of Op, I have been using that strategy but I was hit some time when I believed that there is more to stop loss than traders know and I have stopped using stop loss. The way people talk about stop loss, one will think it is the safest strategy in cryptocurrency. Their are some intricacies in the use of stop loss that people don't always mention. This leave you behind when the market is bullish and have a slight correction. so users will know how to select price for the trade when there is loss in the market. So what happens to traders that use DEXes often where there is no stop loss and there is high trade?
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GreatArkansas
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September 12, 2022, 11:39:44 PM |
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Traders doesn’t focus that much with the fees, they are too focus analyzing the chart and knowing their positions. If you really want to be good in trading and want to be more profitable, start doing the right thing like learning how indicators work, knowing when to buy and sell are very common and with that you can just cover those fees from your winning trades. Regardless if its free or not, that can’t still change your trading skills, better to improve it first.
(...) Responding about the stop lost discovery of Op, I have been using that strategy but I was hit some time when I believed that there is more to stop loss than traders know and I have stopped using stop loss. The way people talk about stop loss, one will think it is the safest strategy in cryptocurrency. Their are some intricacies in the use of stop loss that people don't always mention. This leave you behind when the market is bullish and have a slight correction. so users will know how to select price for the trade when there is loss in the market. So what happens to traders that use DEXes often where there is no stop loss and there is high trade? Stop loss is very important especially if you are doing scalp trading or trading using low timeframes. If you don't want stop loss or not using stop loss, for sure you are always watching every time your trade position because for sure you will manually close your trade if anything goes bad or if you don't want your liquidation to be your stop loss which seems not advisable. Speaking of DEX, stop losses on most of DEX are available. This is one of the best features that can exchange have.
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bocyaj
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September 13, 2022, 07:45:33 PM |
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People think,stop loss must be used to avoid from the loss.But it’s not a true way of escape from the loss.When you had fix the stop loss,it will prevent from the more Loss.But when the market was back to the bull run,the order will be placed with minimum profit.Then it will skip you from gaining more profit from it.It only leads to less amount of profit from your investment using stop loss.
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Natalim
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September 13, 2022, 10:39:53 PM |
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People think,stop loss must be used to avoid from the loss.But it’s not a true way of escape from the loss.When you had fix the stop loss,it will prevent from the more Loss.But when the market was back to the bull run,the order will be placed with minimum profit.Then it will skip you from gaining more profit from it.It only leads to less amount of profit from your investment using stop loss.
Perhaps, stop-loss is not designed to make a profit but as a way to save from losing more. Fees/commissions are mostly what we struggled with in most exchanges. That is why I was still confident and I see that spot trading is more profitable than scalping. In fact, I've even tried scalping in the past and yes, we might not make losses but because of the fees, that is something that beats us.
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sheenshane
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September 14, 2022, 12:00:01 AM |
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People think,stop loss must be used to avoid from the loss.But it’s not a true way of escape from the loss.When you had fix the stop loss,it will prevent from the more Loss.But when the market was back to the bull run,the order will be placed with minimum profit.Then it will skip you from gaining more profit from it.It only leads to less amount of profit from your investment using stop loss.
Perhaps, stop-loss is not designed to make a profit but as a way to save from losing more. Fees/commissions are mostly what we struggled with in most exchanges. That is why I was still confident and I see that spot trading is more profitable than scalping. In fact, I've even tried scalping in the past and yes, we might not make losses but because of the fees, that is something that beats us. I tend to agree with this. Stop-loss(SL) is to avoid further loss, not a strategy that you can use to gain profit. This is very useful when you're in day trading, it very crucial there when it comes to making a profit. Through this stop-loss even though you're in scalping and spot trading still is very useful. There are a bunch of strategies that you can use but it seems the most important thing is SL.
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ololajulo
Sr. Member
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September 15, 2022, 10:55:41 AM |
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Speaking of DEX, stop losses on most of DEX are available. This is one of the best features that can exchange have.
Names of Dexes with stop-loss for ethereum, bsc, matic and solana blockchain please
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palle11
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September 15, 2022, 12:32:37 PM |
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It only leads to less amount of profit from your investment using stop loss.
Stop loss has nothing to do with profit but only to reduce the amount of losses that you can encounter if the market turn against you. Take profit as the name is that is the one that has something with profit. The stop loss is the strategy that traders apply or set in the order that they make to avoid much loss in the trade is not going in profit.
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crwth
Copper Member
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September 15, 2022, 03:10:10 PM |
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I know that as long as you are using limit trades, you would be able to save on fees. You could also add the part where you can use BNB to reduce and have discounts. When you are at that promo time, I think you should be able to take advantage of those limited fees. There's probably no catch as long as you are trading correctly. Some of it probably wants people to sell more to have different kinds of things. - To have more trading volume
- More traders in a position (maybe waiting for liquidation?)
- To more exposure to the exchange
I think that's the best way to see it, TBH. I hope you can continue to profit in your trading journey, OP. I am taking advantage of it with my trading bot, Gunbot. With the market maker strategy.
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