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Author Topic: Stop loss ?  (Read 753 times)
Sophokles
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March 03, 2024, 08:07:59 AM
 #81

The most useless features for a spot trader and the saviour of future trader. A spot trader don’t need stoploss because he can do DCA to lower his average buying price and close his position in breakevens. But for a future trader it can save him from liquidation. I don't know any spot trader who uses stop loss except those who trade scam token for short term profit.









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justdimin
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March 03, 2024, 08:35:40 AM
 #82

The most useless features for a spot trader and the saviour of future trader. A spot trader don’t need stoploss because he can do DCA to lower his average buying price and close his position in breakevens. But for a future trader it can save him from liquidation. I don't know any spot trader who uses stop loss except those who trade scam token for short term profit.
Yeah I agree and at the same time, having stop loss easily is not the way to go, if you keep doing that on a bull run period you are not going to really get any benefit from it. I mean look at the price, it keeps going up and up, what's the point of having a stop loss when it's keep growing like this? You should probably find another way, I do agree that trailing stop loss is a lot better, a lot of the bots have that.

I believe that the best thing to do right now would be just making sure that we are going to end up with a good profit making scheme that would benefit everyone, it shouldn't really be something that would take time. This should be something that would not be all that easy to handle, a lot of people are trying to figure out a way to make it work one way or another.

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March 03, 2024, 11:00:18 PM
 #83

The most useless features for a spot trader and the saviour of future trader. A spot trader don’t need stoploss because he can do DCA to lower his average buying price and close his position in breakevens...

You cannot be sure that after you become a DCA, the price of the coin will increase and you will have the opportunity to sell it at breakeven. It may happen that before you sell a coin at the purchase price, you will have to hold it in your wallet for several years.

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