Tips to Follow traders/scalpers (who use Stop Loss)

[david678345]

Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?

There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss

[Oshosondy]

There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss

Avoid signal providers. I do not know of copy trading, but it is better as you follow the trades of people, unlike signal providers that you will follow nothing than the providers to find ways to earn money from you without them thinking of you winning or losing.

As for copy traders, I do not know much about it, but there is nothing that is better than learning trading yourself and use the amount of money that you can afford to lose to trade.

[EarnOnVictor]

I'm not surprised that those traders are not using stop loss, just as they code bots to the scalp for them without the use of stop loss and some utilise a wide stop loss which is risky. In these cases, they are putting your account in danger and they are doing that mainly for a reason, they do not want to have records of many losses simply by the market hitting the stop loss and going back to their positions.

As painful as this could be for traders, it's also protective since leaving a trading position to run for too long in losses or without a protection is a very bad idea. This is unless the trader is always present with the trading platform to close the position in real-time, still, this boomerang at times.

Advice: It's not a must you use a signal provider, and by experience, they do not have long-term positive performance. With scalping, it would be worse, why not look for the regular intra-day trader or a long-term one that practices a decent risk and money management?

It's easier to find traders with those criteria than to find the ones that scalp with the use of stop loss.

[DVlog]

Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?

There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss

If those traders are doing well without using any stop losses, then what is the problem here? It is not possible to identify whether a copy trader is using stop loss or not as the exchange only shows traders statistics about past trading activities. If any of the copy traders has any communication channels in that exchange or outside that exchange then it will be better to ask him personally. There is no way to know about this without them telling you personally.

[goaldigger]

Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?

There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss

Have your own trading strategy instead and put a stop loss so you wont be liquidated.
Every traders have their own unique strategy and you can’t fully depend on those signals because its too risky.
In trading, you should analyze on your own and have a strategy that works within your own timeline.

[gunhell16]

Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?

There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss

Did you know that copy trading has pros and cons? The only thing that is not good about other copy trading promoters is that they don't really inform about the cons. This is the problem; if they promote copy trading, they make it appear that you will have no problem with it.

If we look at it, it's not ugly when someone tries copy-trading. That's why you should be critical before deciding to do this. Or if you join other signal providers because the capital investment is dangerous when it happens.

[GreatArkansas]

I think most successful traders are using stop loss. For me, stopping loss when you do trading is a must and it will help you to minimize your losses.
For OP, have you tried to check some centralized exchanges like Binance or Bybit, they have this Copy trading feature if you want to copy trade. Check trades history of traders first and some description so you can select what you want.

[Husires]

If you want to trade using the copytrading method, you must follow the person you trust. Otherwise, with the first loss, you will try to modify the strategy, and thus you may achieve losses. Therefore, if you are using copytrading as a basic strategy, it is better to adhere to it, even if it is without a Stop Loss.
There are some educational videos called Copy Stop Loss (CSL) that can be used if you want to enhance your strategy.

[michellee]

I've never done copytrading on Binance so I don't know about it now. Even if you participate in copy trading on any exchange, you must still have analytical skills to keep up with the market. You can also place a Stop Loss if the market changes direction so that your losses are not large.

I don't know if any signal provider uses stop loss. I prefer to trade based on my analysis to learn more about trading. You should learn more about trading analysis so that you don't depend on other traders.

By having good analytical skills, you can determine when to trade. You can also improve your analytical skills by learning more. It would be more feasible to do it because at least your analytical skills can improve.

[Assface16678]

There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss

Avoid signal providers. I do not know of copy trading, but it is better as you follow the trades of people, unlike signal providers that you will follow nothing than the providers to find ways to earn money from you without them thinking of you winning or losing.

As for copy traders, I do not know much about it, but there is nothing that is better than learning trading yourself and use the amount of money that you can afford to lose to trade.

I agree. I don't recommend following signals from other people, as many of them tend to offer services for a fee, or if the signal is free, the quality of the signal is cheap, which is why I don't recommend following and relying on signal providers. If the OP wants, he can use Etoro, which is copy trading. You will just need to select the traders you think are trustworthy and, of course, have a good record in trading in crypto.


If you, for instance, follow signals, I still think that it is not suitable. Why? What if that signal requires a lot of equity and the trader has only a limited amount? In short, there are a lot of things to consider before you can follow and fully utilise a trading signal, so it's much better to rely on yourself, who is fully equipped with knowledge and skill in trading.

[Peanutswar]

Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?

There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss

In the very first place you will not commit to a trader without a proper plan unless you just want to make a position wondering if you will get a profit if not lose your asset, but again basic knowledge in trading is using a technical analysis and position of proper execution TP/SL is basic tools given by the exchange for the traders to help them with their trades, but of course, its users choice if they want to commit more with the trades. Trading signals and groups just giving you an insight with the coin and positions they will entry but not yours entry its your mistake once you joined them even at your self you dont know the run of this coin or the current state of the market. Theres nothing wrong with copy trade but of course atleast you have an idea with the basic TA of the market or else youll let other people make risk for you with your money still with proper monitoring.

[shield132]

I think most successful traders are using stop loss. For me, stopping loss when you do trading is a must and it will help you to minimize your losses.
For OP, have you tried to check some centralized exchanges like Binance or Bybit, they have this Copy trading feature if you want to copy trade. Check trades history of traders first and some description so you can select what you want.

It's hard decision to set stop loss on your order, I can confirm that from my experience. Usually, I try to stay alert and watch price in live when I am trading because I can more likely understand whether there is a pure manipulation or there is a real panic. There is only one time when I set stop loss on my orders and that's only when I sleep because I got liquidated when I was trading on futures without setting stop-loss and lost thousands of dollars.
My piece of advice is to use stop loss feature if you aren't able to watch price in live. If you watch it in live and are confident that you'll be able to take the care of sudden price spike or dump and are alert at the same time, then you can continue without it.

[taufik123]

As a beginner are you interested in that kind of copy trading?
Actually, it is not important to me whether you believe in it or not, but it is better for you to learn how to analyze and not to focus too much on choosing which trader or scalper is good.

Knowledge about trading will be needed first so that you can judge which trader is good.
But again, there is no good advice to choose traders who are in copy trading.
Especially if they do not use stop loss and other important strategies, they lose you will lose too.

So make your choice, whether you want to learn trading knowledge to better understand and be able to trade independently,
or just depend on others by copy-trading.

[lombok]

Trading without stop loss and take profit is the same as gambling, the market can change at any time and in unexpected situations. This is very reckless especially for a copy trader class, even though they showed good performance before, following it for a long time is suicide. One day he and his followers will realize how important stop loss and TP are.

I'll skip the signal provider. There is no benefit, sometimes they give misleading directions.

Learning analysis yourself without following other people is the most appropriate choice. Change your dependence on other people and start being independent. Sometimes our own family can betray us, especially other people. We shouldn't trust other people in investing or trading. do it and determine it with your own efforts and analysis.

Good Luck

[alastantiger]

There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss

Do not follow signal providers. Do not even think about paying them for it. There is no easy to making money on crypto trading. You must learn the skills involved if you want to make money. You'll be lying to yourself if you think that you can make money by simply following am the trading signals provided by these guys. What you may not know is that things happen so fast and by the time you implement it, the move has already happened and you'll lose. Think bout the time and money that has been invested in paying these guys and putting in the trade which is already lost. If you have invested the amount in yourself in learning the skills, you'll not depend on anyone's analysis and making the money from a trade will be fast and easy.

[lombok]

Trading without stop loss and take profit is the same as gambling, the market can change at any time and in unexpected situations.

Markets change precisely in order to hunt for a cascade of stop losses and liquidations. All these sudden spikes in the charts happen for a reason. On the playing field, you only see what is in front of you, but the exchange sees the entire playing field and plays against you. Set stop losses work very well in moments of unexpected market reversals. Just don’t forget that after such unexpected changes, the market very often returns to the state it was in before this sudden change. Only you are no longer in the market, you were thrown out. Thanks to the stop loss.

Yes, everyone believes that. However, for me stoploss is very helpful, in every direction of market movement there is a trend, if price movements are impulsive during a trend, with the help of analysis we can apply stop loss and take profit. Of course, our trading also follows the trend, not the opposite.

However, it is up to each individual - there is no compulsion in using SL and TP. For me, SL and TP have brought me to the safety of my balance and increased my balance.

[el kaka22]

Signal providers who uses stop loss are still signal providers, and yes using stop loss is better and it's good idea to follow those then the ones who doesn't use it, but that's like comparing shit with shittier, I do not think that it would make sense. It would be smarter to arrange something that would be better, and for that to happen we are talking about something that could make a lot less sense.

I believe that the best thing to do at this case would be just let the personal trading that you do take care of it and you could use stop loss on them and you will get better results. I understand that life is not simple and you may not have the time, but you need to spend some time learning how to trade, and use stop loss while you are doing it.

[Lakai01]

[...]
Just don’t forget that after such unexpected changes, the market very often returns to the state it was in before this sudden change. Only you are no longer in the market, you were thrown out. Thanks to the stop loss.

You are basically right here, stop-loss cascades have already led to several flash crashes on exchanges where the various coins were traded significantly (!) below market price. Everyone who had positioned their stop losses relatively low was thrown out and definitely lost money when the upswing occurred. I will certainly remember this flash crash from 2017 for a long time, but in a more positive sense. I had placed a very low order on BTC there and simply forgot about it. However, the order was triggered by the flash crash:


Source

On the other hand, stop losses have personally saved me many more trades or allowed me to take profits. For me, the use is therefore clearly positive and I would recommend sensibly placed (!) stop losses to every newcomer. It is and remains the only safety net when trades go wrong on longer time frames.

[Jatiluhung]

Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?

There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss

One of my friends who even introduced me to crypto is also a trader and scalper. But I haven't seen or communicated with him for a long time. But as a scalper, it seems he also often uses stop losses. Because he often tells me that it is important to always set a profit target and place a stop loss entry. Because fast-scale trading is usually carried out on trading pairs that have high volatility. Like coins with projects that are holding events or something like that. I personally am not a scalper. Because I once tried to become a Scalper but I didn't seem suitable or mentally ready. Because scalping looks easy, it turns out to be much more difficult than regular trading.

[benalexis12]

Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?

There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss

I won't do what you say; in fact, it's a bit risky when people who don't know anything about the crypto space do that. Why do you think there is no risk to participating in copy trading?

Don't you know that there are also pros and cons? For example, what traders do is show in their performance that the percentage of profit that joins them is still high, but the truth is that it is not really like that anymore, as if there is a trick, deception is still taking place in reality.