Do we need to have a stop loss if we are 100% positive about a trade?

[Timmzzy]

I have been into trading for many years but I have never used stop-loss myself because I believe that stop-losses won't help a trader to improve his/her trading abilities. The stop-losses are something that will protect a trader from losing a lot of money in a trade but if a trader doesn't conquer the fear then that's the worst thing I guess.

I have won many trades and I've also lost many trades but I have never used a stop-loss for a single time and that has helped me as a trader to improve the areas that needed that improvement. I'm not really against stop-losses but I believe they can cause fear in the mind of a trader and the trader might not take risks if he/she fears about the losses that take place if the trades go wrong.

I would like to know that what you guys think about stop-losses, and how often you guys use stop-losses to avoid getting huge losses in your trades?

I don't use stop loss if am watching the market and am on a trade, what I do is I cut my losses when a trade refused going my way after entering and the trade has been dancing up and down without any direction. But the case at which I use stop loss is when I know I won't be online to monitor it probably am going to be out of data or my phone is running low on battery that's the most cases I use STOP LOSS.

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[SamReomo]

In my case I do not think about a stop loss as being optional, even if you have a great strategy and you are very positive about the outcome of your next trades, a stop loss still needs to be used.
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I believe it depends on someone's strategy if a user is taking a trade with a strategy where the market can sometimes move over 1% a few times then using of stop-loss can be a pain because instead of having a positive and winning trade the person will end up with a negative or losing trade. I know that some traders believe that stop-loss is not optional but when stop-loss can be the cause of confirm loss then it's better to avoid it and continue trading with your strategy. Stop-loss is not the only risk-management tool that a trader uses there are other risk-management measures that assure the risk to be minimum.

I don't believe that trading without stop-loss improve your trading abilities. There is an invalidity zone where if the price went to that area I will consider that my analysis is wrong or the market will go to the opposite direction. How can you survive the market if you loss 3 to 5 trades if you didn't put a stop-loss? Honestly, if you apply risk management even if you lose 10 trades or more, you probably still have remaining funds to trades. I have tried not to put stop-loss in my first trades but it won't work, maybe it's because the winning rate of my strategy is very low. But if you are profitable yet in trading and your win rate is around 90% I think it will work, but sad to say that there is no strategy having that win rate.

I won't say that my strategy is 100% working and there is 90% chance of winning but in some particular market conditions the strategy has been working at more then 90% winning rate for me. I know that you maybe thinking that what are those market conditions that I'm referring to then I would say a trader needs to give time to trading in order to understand those market conditions. I won't place any trades if market is highly bullish or highly bearish because at those times the strategy that I use will most probably fail without a question. I use other risk-management measures that assure me profitable trade.

I'm not a greedy trader by any means and sometimes I have to wait for weeks or months to get a good and profitable trade but on other times I get 1-2 trade per day depending on the conditions of the market. It's always better to have trades by following a strategy instead of predicting the market based on emotional sentiments. That in end will make you earn some profits and I believe that something is better then nothing. I have used my strategy with 50x leverage sometimes and fortunately I got good winning rate with those trades as well. I risk 2-4% of my capital for such high leverage trades but I can confirm that sometimes high leverage trades can give you good amount in profit if you trust your strategy and yourself.

[tvplus006]

...I would like to know that what you guys think about stop-losses, and how often you guys use stop-losses to avoid getting huge losses in your trades?

If you are constantly at the terminal and think that you can close the order in a timely manner, if the price moves in the opposite direction to your expectations, then you can do without stop loss. But if you do not have such an opportunity, then you should not neglect this function, which will allow to save a deposit in case of a dump or pump, depending on your position.

[Webetcoins]

I believe it depends on the type of trade you are making. When you are in the spot market, you don't really need to worry a lot about stop-loss apart from a few cases where you might have bought a cryptocurrency that is highly volatile and you fear it may lose a lot of value in no time causing you a big loss and such tokens barely manage to regain value quickly after that and your investment will get stuck for a good long while which isn't good for a trader.

However, someone who trades in the futures market, it becomes essential to use stop-loss because you surely can't afford to lose all your amount in liquidation in case the market doesn't move in the direction you predicted, and no matter how confident you are, the market can always surprise you.

[Dr.Osh]

I have been into trading for many years but I have never used stop-loss myself because I believe that stop-losses won't help a trader to improve his/her trading abilities. The stop-losses are something that will protect a trader from losing a lot of money in a trade but if a trader doesn't conquer the fear then that's the worst thing I guess.

I have won many trades and I've also lost many trades but I have never used a stop-loss for a single time and that has helped me as a trader to improve the areas that needed that improvement. I'm not really against stop-losses but I believe they can cause fear in the mind of a trader and the trader might not take risks if he/she fears about the losses that take place if the trades go wrong.

I would like to know that what you guys think about stop-losses, and how often you guys use stop-losses to avoid getting huge losses in your trades?

It's up to you whether you want or not to use the stop loss method when the market is in bad condition. If you believe that your assets will rise again, then it's not a problem. However, stop loss is one method to stop deep losses that can occur, but it does not mean that the person actually stops. Sometimes people use this method to buy back when the price is at a lower price, to get a larger amount of assets, in the hope that, when the price rises, we will have lots of assets that we can sell to take advantage of the bear market by that method.

[Hamza2424]

Stop loss psychology is not only about the uncertainty about any trade, Stop loss is the guard for your capital invested in any trade, even if you are sure about the trade 100% Analytically, but an additional layer of Stop loss can also only enhance your professionalism and risk management.

Also, it never takes hours to place/adjust the stop loss according to the trade type._hehe

Hmm, OP also congrats on your new rank I just noticed, that it's after a long time, as I've interacted with your posts and topics in the past few months.

[AnonBitCoiner]

Stop loss is beneficial strategy to reduces your defeat therefore when market situation are alarming then setting stop loss order is necessary but stop loss orders should not be set every time. Some people trade on daily basis therefore they have no idea that when they will sell their coins but if they have firm idea about their profit that the selected coins will pump then I think setting stop loss order is not necessary.

People sometimes loss money in trading because there is no guarantee that when you set a stop loss then your money will be free of risk because risk is always associated with trading. During Bull season one should not use stop loss like if correction take place in crypto market then trade without stop loss can also give you profit.

[Issa56]

I have been into trading for many years but I have never used stop-loss myself because I believe that stop-losses won't help a trader to improve his/her trading abilities. The stop-losses are something that will protect a trader from losing a lot of money in a trade but if a trader doesn't conquer the fear then that's the worst thing I guess.

I am also a trader, and I don't use stop loss, but I do encourage people to use it, especially newbies, in case if they are in a trade and everything goes against them, it's going to help them cut their losses because you can never be 100 percent sure about a trade, anything can happen at any moment. Also, people who are not active online to monitor their trade or busy for a particular period of time can easily make use of stop-loss in case things go wrong and they are not online. I don't use stop loss because whenever I am in a trade, I am always active online, and I monitor my trade. In case I notice any changes, I cut my losses myself.

I would like to know that what you guys think about stop-losses, and how often you guys use stop-losses to avoid getting huge losses in your trades?

Using stop loss is not bad in a trade, if you want to make use of it, it's fine, and if you think you don't need it in a trade, then it's your choice to choose to use stop loss or not. I am not against it in any way. If you know you are scared of losing a lot of money, then you can decide to use it. The main reason why people use stop-loss is to reduce their losses in trade.

[Inwestour]

I have been into trading for many years but I have never used stop-loss myself because I believe that stop-losses won't help a trader to improve his/her trading abilities. The stop-losses are something that will protect a trader from losing a lot of money in a trade but if a trader doesn't conquer the fear then that's the worst thing I guess.

I have won many trades and I've also lost many trades but I have never used a stop-loss for a single time and that has helped me as a trader to improve the areas that needed that improvement. I'm not really against stop-losses but I believe they can cause fear in the mind of a trader and the trader might not take risks if he/she fears about the losses that take place if the trades go wrong.

I would like to know that what you guys think about stop-losses, and how often you guys use stop-losses to avoid getting huge losses in your trades?

If you are trading without a stop loss, this most likely means that at some point you decide to exit the trade, right? This is not much different from the usual stop, perhaps the advantage of a stop loss is that it can work at night when you are sleeping. Or perhaps you take the position that no matter how much the price of your coin falls, you will still wait for the right targets because you are 100% confident in your transaction? But you say that you had many losing trades, which means that just because you are 100% confident does not mean that the trade will definitely be profitable.

[carlfebz2]

I have been into trading for many years but I have never used stop-loss myself because I believe that stop-losses won't help a trader to improve his/her trading abilities. The stop-losses are something that will protect a trader from losing a lot of money in a trade but if a trader doesn't conquer the fear then that's the worst thing I guess.

I have won many trades and I've also lost many trades but I have never used a stop-loss for a single time and that has helped me as a trader to improve the areas that needed that improvement. I'm not really against stop-losses but I believe they can cause fear in the mind of a trader and the trader might not take risks if he/she fears about the losses that take place if the trades go wrong.

I would like to know that what you guys think about stop-losses, and how often you guys use stop-losses to avoid getting huge losses in your trades?

I do only consider on making use of a stop loss on the time that i do make some futures trading but if i do make out some spot trading then i dont really see for it to be necessary. Why?

You could always be able to have an option for you to hold instead on making some stoploss but well it would really be just that depending on you if you would really be that trying to make use of stop loss
specially if you are really that hedging but if you dont like to have that realized losses then it would be better not to see any stop losses because we know that prices could really swing up on levels on which we know that it is really that easy to make yourself get caught on the peak and ended up on holding. Therefore it would be that wise that having no stop losses on spot.

For futures or scalping then i could say that it would really be something that would really be that ideal because it would really be lessening up the potential losses
on which it is really just that suggested to have this one.

[bettercrypto]

I have been into trading for many years but I have never used stop-loss myself because I believe that stop-losses won't help a trader to improve his/her trading abilities. The stop-losses are something that will protect a trader from losing a lot of money in a trade but if a trader doesn't conquer the fear then that's the worst thing I guess.

I have won many trades and I've also lost many trades but I have never used a stop-loss for a single time and that has helped me as a trader to improve the areas that needed that improvement. I'm not really against stop-losses but I believe they can cause fear in the mind of a trader and the trader might not take risks if he/she fears about the losses that take place if the trades go wrong.

I would like to know that what you guys think about stop-losses, and how often you guys use stop-losses to avoid getting huge losses in your trades?

As far as I know, the stop loss is used when you do futures trading, margin trading, or perpetual trading. But if you're going to do trading activity on the spot, even if you don't use a stop loss, even if you don't, it's okay.

Because, like you, I do spot trading most of the time, but I also never use stop losses in the exchange, which is often done by trading activity. And so far, the experience that I have encountered in this matter is also good.

[Sanitough]

I believe it depends on the type of trade you are making. When you are in the spot market, you don't really need to worry a lot about stop-loss apart from a few cases where you might have bought a cryptocurrency that is highly volatile and you fear it may lose a lot of value in no time causing you a big loss and such tokens barely manage to regain value quickly after that and your investment will get stuck for a good long while which isn't good for a trader.

However, someone who trades in the futures market, it becomes essential to use stop-loss because you surely can't afford to lose all your amount in liquidation in case the market doesn't move in the direction you predicted, and no matter how confident you are, the market can always surprise you.

Whether you're in spot trading or futures trading, as long as you're not confident with how your trades will end up, then I suggest to use stop-loss especially if you are doing leverage when trading. That is from my own point of view, but if you do trading with an amount that you can afford to lose, then using stop-loss might not be necesary at all.

However, if you have uncontrollable fears from losing regardless of its amount, I guess trading with stop-loss is highly advisable. But make sure to overcome your future fears because that won't make you a successful and profitable trader in the long run.

[AicecreaME]

There's no need to use stop loss if you're watching your trade or you're using a low leverage.
And for the 100% positive, there's no such thing like that. Your confidence might be 100% but the market is always unpredictable, so there's no way to tell if your trade is going to be profitable or not. The best way to use stop loss is when you're not watching your trade, like you're going to do something else.

[Kelward]

Being a potential bitcoin trader, I think that it'll be best for me to use stop loss, to minimize my loses, because as a beginner I might not be knowledgeable enough to know when the market is going against me. I think when I eventually gets to start trading, I'll rely on stop loss, until when my confidence level starts to grow, after I must have had a lot of practical experiences. I don't like to be a hero when it comes to my financial matters, I'll rather be humble and take all the precautionary measures to possibly avoid having a single lose. Another thing to consider is that  we all have different levels of risk absorber, if you know that you can't withstand high risks, then it's better to look for precautionary measures like stop loss,  like in this case of bitcoin trading.

[bayu7adi]

I used to stop loss after watching video on YouTube at first time I try to trading cryptocurrency, but now I no longer use it. Instead, I apply stop loss to coins that I consider uncertain, and indeed, my limited trading knowledge makes me hesitant every time I enter a trade. I think it was a very valuable learning experience for me in the past because it helped me understand the actual function of a stop loss.

Nowadays, I only buy coins with a my confidence and avoid every coin that make me hesitate. I don't want confuse myself in trading anymore in trading, which is why I stopped using stop loss for the past year and try to still believe my hand on hodling asset. My confidence in my trading decisions is growing every time I make mistake, and I believe it's an accumulation of my trading experiences, leading to a sense of high confidence.

[Nrcewker]

There are both benefits and disadvantages of using a stop loss. At certain time stop loss becomes boon for you, whereas at certain time stop loss doesn’t fit at all. If you are a trader who trades with high leverage then stop loss is a must. After all it’s your hard earned money at the end of the day. If you trading with very less leverage, then it’s better to not use the stop loss. I am saying this from my personal experience.

[Bushdark]

Being a potential bitcoin trader, I think that it'll be best for me to use stop loss, to minimize my loses, because as a beginner I might not be knowledgeable enough to know when the market is going against me. I think when I eventually gets to start trading, I'll rely on stop loss, until when my confidence level starts to grow, after I must have had a lot of practical experiences. I don't like to be a hero when it comes to my financial matters, I'll rather be humble and take all the precautionary measures to possibly avoid having a single lose. Another thing to consider is that  we all have different levels of risk absorber, if you know that you can't withstand high risks, then it's better to look for precautionary measures like stop loss,  like in this case of bitcoin trading.

It is very important for us to keep using stop lose whenever we trade. This had helped many traders in the market and safe them of potential loses. It is good for us to know what we are doing or else we might end up losing big from the market. Crypto market is huge and tradable to any extend but the understanding of the market and the use of stop lose will aid us to avert lose.
Those that are good and have made profits from the market without stop loses can still become a victim of huge loses because of not using it.

[Stepstowealth]

Can a trade be executed without a set stop loss?

I would like to know that what you guys think about stop-losses, and how often you guys use stop-losses to avoid getting huge losses in your trades?

Stop losses are always important and good to be used by every trader. Understanding how to place stop loss has to be mastered. I do not think that there is a time when a trader should not consider a stop loss due to over confidence in their analysis. Stop loss is to reduce losses and as a trader the possibility of making losses should always be considered just as profit is considered. To trade without considering losses is reckless, and to practice such recklessness can be the beginning of losses.

[Huppercase]

I have been into trading for many years but I have never used stop-loss myself because I believe that stop-losses won't help a trader to improve his/her trading abilities. The stop-losses are something that will protect a trader from losing a lot of money in a trade but if a trader doesn't conquer the fear then that's the worst thing I guess.

Were you trading last year around May last year to be precisely? I'm asking because without stop loss in long position, you will probably have nothing left this year except if you were among the 1% people that short bitcoin and other coins from there top to bottom like USTC and Luna, stop loss really saves a lot of trades from damage that time because you might be sleeping when market will start dipping and without it, you will be screw because exchange will not help you terminate or close a position for you.

I have won many trades and I've also lost many trades but I have never used a stop-loss for a single time and that has helped me as a trader to improve the areas that needed that improvement. I'm not really against stop-losses but I believe they can cause fear in the mind of a trader and the trader might not take risks if he/she fears about the losses that take place if the trades go wrong.

I would like to know that what you guys think about stop-losses, and how often you guys use stop-losses to avoid getting huge losses in your trades?

I understand your explanation but stop loss aren't just for how you describe but in emergency situations that you don't have power over. You can have an open trade and then decide to take a nap or perhaps go out and live your thing doing it's market things and you were carried away or even forget that you left a trade open and then the market crash, you will be regret doing that without a stop loss because it actually stop you from having lots of damage from the market.

The reason why some don't appreciate stop loss is because the market is unidirectional and everyone has fous right now on halving, so weight not see bitcoin crashing soon but I'm very confident that when the market is ready for a correction, you will definitely use stop loss else you hands will burn.

[Japinat]

Setting a stop loss is best only when you are starting a trade or when you are doing leverage in trading. Since the future market is not guaranteed safe and profitable, then it's a wise decision to use stop-loss to prevent from losing too much. However, if you have high experiences as a trader, and you know already how to maximize your profits and control your losses, then you can trade successfully without the need of a stop-loss. Using stop-loss does not prevent you from losing, but it will only limit your losses not to fall into huge and massive losses.

While trading in the market still remains risky and uncertain, then using stop-loss could offer you help but if you become dependent on it, then chances are  that you can never maximize your trading profits as much as you want it.