It will save your capital more than you can imagine

[Barikui1]

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .
I have seen so many traders watch there their position run into liquidation because they were stubborn or they believe that it can still reverse to their favour, when it obvious that their is no hope.

In my early days in trading I have my own terrible experience of failing to cut my loss early because I believe that their is still hope, but I learned the hard way when I got liquidated.
You wouldn't know how important this decision is, until you have been liquidated.
Learn to admit that you are wrong, cut your loss, restrategize and have a go at it again.

[Oshosondy]

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .

If you are using leverage, you can open a position and set take profit and stop loss. But if you use averaging, that may not come your mind. Using stop loss depends on the type of trader that you are.

I have seen so many traders watch there their position run into liquidation because they were stubborn or they believe that it can still reverse to their favour, when it obvious that their is no hope.

If a trader is using high leverage, liquidation of trading fund is common to those kinds of traders. Also the type of coins you are trading is very important.

In my early days in trading I have my own terrible experience of failing to cut my loss early because I believe that their is still hope, but I learned the hard way when I got liquidated.
You wouldn't know how important this decision is, until you have been liquidated.
Learn to admit that you are wrong, cut your loss, restrategize and have a go at it again.

There was a time I closed a position because I was running at loss, but the market later reversed. There were re times I got liquidated in the past because I use high leverage and because I traded shit coins. Stop loss is good, but it also has its disadvantage.

[Wind_FURY]

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .

If you are using leverage, you can open a position and set take profit and stop loss. But if you use averaging, that may not come your mind. Using stop loss depends on the type of trader that you are.

It also depends on the type of asset you're buying.

Nascent altcoins built and maintained by good developers might give the investor some long-term probability that the investment will gain a good ROI, despite its flaws. But a shitcoin, that's very volatile and unpredictable, that definitely needs a stop-loss. The problem is where do you place the stop-loss if it's very volatile? You could be stopped out if placed too near the average price entry, and taking a larger loss if it's too wide.

The best decision = HODL, or take a long-term investment in the best cryptocurrency. Bitcoin.

[Wapfika]

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .

This is a common practice on trading which you can automatically do using the stop loss feature. Only dumb trader doesn’t use stop loss especially on crypto which price swing is always too frequent to happened.

It’s not really a big deal to stop loss if you knew how to trade properly because you typically set it on a price which is the sign when the trend doesn’t go your predicted outcome.

[famososMuertos]

These are individual experiences, and in the long run that is what matters, if they liquidate your order it is because you did not fund more funds and that is a decision, the issue is not that they liquidate you 10 times, the issue is that you make a correct management of those operations, that is, they liquidate you 10 times, but on the 11th your other position corrects and you can be recovering.

In trading, success is measured by always having 100 new opportunities after something didn't go well.  Losing is part of the process of making profits.

Not all positions will be successful and even less so in the futures market (e.g.)

[yhiaali3]

Stubbornness in trading often has negative results. The trader’s insistence on following the same strategy and insisting on his mistake will have bad consequences. Therefore, it is better to stop at a certain point and re-evaluate the situation rather than persist in making mistakes.

This happened to me more than one coin that I saw falling, but I was determined to hold it because I thought it would rise again, but unfortunately it continued to fall and I continued to lose. If I had stopped at a certain point, I would have avoided many losses.

[Finestream]

I have always regarded stop loss feature as one crucial thing when trading. But of course, if you are just trading on a minimal amount, I don't think you'll still resort into using stop loss. You can control easily your funds when you are doing average trading, that's the advantage when you are trading on your own risk. However, if you set bigger capital in trading like leverage trading, the high risk to lose is always there. But maybe if you don't sell, you will never end up with a literal loss.

Trading is a mental and emotional skill. If you think you'll easily faint, don't dare to trade or else you will never have successful days when trading. Trading needs a wise and smart move, hence traders should always focus on positivity and not on negative thoughts.

[alankasman]

In my early days in trading I have my own terrible experience of failing to cut my loss early because I believe that their is still hope, but I learned the hard way when I got liquidated.
You wouldn't know how important this decision is, until you have been liquidated.
Learn to admit that you are wrong, cut your loss, restrategize and have a go at it again.

Maybe because I'm not a trader who trades with large capital so I rarely use stop losses.
Using the stop loss feature in trading with large capital is very helpful in setting a good pattern for our capital.
On Bitcoin, long-term targets are not for short-term trading.

Btw, this is a good experience. For beginners who still don't understand how to trade, you can practice it.
Day-to-day trading requires a smart mind in implementing strategies with planned patterns and avoiding exiting the trading strategy.

[_act_]

Maybe because I'm not a trader who trades with large capital so I rarely use stop losses.
Using the stop loss feature in trading with large capital is very helpful in setting a good pattern for our capital.
On Bitcoin, long-term targets are not for short-term trading.

Btw, this is a good experience. For beginners who still don't understand how to trade, you can practice it.
Day-to-day trading requires a smart mind in implementing strategies with planned patterns and avoiding exiting the trading strategy.

What you think as a large capital can be a small capital for someone. Let us say a trader has $100000, he trades with $10000. When he wants to start trade, he use $1000, if he is losing, he increase the margin until it is 1x that will make it $10000. After that, he still go 2x which is the final. That is 20x leverage with low risk. Stop loss is also not needed with this scenario.

[abel1337]

Learning how to do a cut loss is important. Doing a cut loss is not easy given that you are willing to gave up the hope that you can get back the loss you have on that certain trade or asset. It is a situational move that can either bring you satisfaction or regret in selling your asset or stopping your trade a loss. There are many traders who are doing YOLO's and not doing cut loss or even setting up stop loss on their trades, I found that newbies are the one who are in that situation.

We should learn how to cut loss, even experience traders are cutting their losses at some extent of their trades to save their remaining capital.

[batang_bitcoin]

It is actually important to cut losses. Because like me, I don't do cut loss before and I am just watching the value of that purchased crypto before when I was still new sinking on its value. When it's like you have noticed a 5%-10% of losses you've incurring with that project, it's better to cut the losses and just accept it. You've learned that project isn't going to be the one that you'll make money and that's why divert it somewhere else where you can make more money, that's how it should go.

[rhomelmabini]

Cut your losses or always use stop-loss when you're in leverage trade. People tend to focus on longevity sometimes and that's not a bad thing but in trading you learn to take profit as early as possible as long as you have set your targets considering it's a volatile market, it could go the other way around in just a minute.

[Dr.Bitcoin_Strange]

Trading is not very easy; it's something that makes traders reason very fast and act accordingly. Most of the time, even those who are seen as professional traders would still lose their trades. So, I will not say it's ego if a trader chooses not to quickly cut short their losses; it could still happen in a way that after cutting short the trade, the price will still move in the direction that you have actually predicted.

Trading requires one to have a great trading skill, learn and keep learning about the best trading tools and ethics, which will help the trader to keep developing some good trading strategies that can help them win the markets. At least it will minimize the rate of loss they would have.

@OP, In essence, what I am saying is that some people are still very new and inexperienced in trading, and it's not their fault that they run into losses. Even the moment you think you have made the right decision, the market can still become volatile and go contrary to what you believed would have happened. The market is not controlled by anyone.

[suzanne5223]

Stop loss is not always the answer to everything in trading when it comes to saving one's capital or investment because the type of cryptocurrency and the type of trading you choose for your trading are also important cause they are what will determine your decision.
There are  situations whereby the moment the trader chooses to stop loss or close the deal is when the market will reverse.

[GreatArkansas]

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
(....)

I can relate to this also, because with stop loss, will help you to protect your capital, if you have enough capital you can still trade in the future.
So for me, even if you just cut loss and multiple stop losses triggered and your trade were losses, just stick with your plan and later on when you make some profits, for sure you will make some profits then some of your losses will be covered.

[hd49728]

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.

Learn about Stop loss order, Stop limit order.
Practice with these order types when you open your trading positions.

What is a stop limit order
One of the best weapons in trading, stop loss order
What's difference between stop loss order and stop limit order

[cryptoaddictchie]

In my early days in trading I have my own terrible experience of failing to cut my loss early because I believe that their is still hope, but I learned the hard way when I got liquidated.
You wouldn't know how important this decision is, until you have been liquidated.
Learn to admit that you are wrong, cut your loss, restrategize and have a go at it again.

Well everyone have done on that phase. Of course being greedy is something we must learn to conquer. A lot of people lack discipline they need to suppress that attitude and we cant blame them since its really a greediness behaviour sometimes eating us. But once we knew how to exit and be contended with the profits then its no problem at all.

[deathcode]

In my early days in trading I have my own terrible experience of failing to cut my loss early because I believe that their is still hope, but I learned the hard way when I got liquidated.
You wouldn't know how important this decision is, until you have been liquidated.
Learn to admit that you are wrong, cut your loss, restrategize and have a go at it again.

Losses at the start of trading are very normal to experience. but what's good is that you realize your mistakes and try not to repeat them. because the problem for beginners is their ignorance of the right momentum. so they feel very confident in the trading plan they carry out without making the best plan to overcome when their plan does not match expectations.
now you have good control. and you share it. Hopefully, other newbies to trading will be more careful and less impulsive.

[Assface16678]

Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .
I have seen so many traders watch there their position run into liquidation because they were stubborn or they believe that it can still reverse to their favour, when it obvious that their is no hope.

In my early days in trading I have my own terrible experience of failing to cut my loss early because I believe that their is still hope, but I learned the hard way when I got liquidated.
You wouldn't know how important this decision is, until you have been liquidated.
Learn to admit that you are wrong, cut your loss, restrategize and have a go at it again.

but it's not always applicable. For example, cutting your loss too early is not good because, because of that, you lose an opportunity to earn, or, let's say, instead of cutting loss, there is what we call "stop loss." That's why it is there, so a trader doesn't need to monitor the trade frequently. So if you want a minimal loss, then set the stop loss to an amount that you can afford to lose, but it will also disrupt the analysis and strategy in the trade.

Although it may seem like an option or choice to minimise the loss, the feeling of losing money from a trade that you didn't look into until the end is painful, so if a trader can't wait until the trade ends, whether to take profit or stop loss, then it's better to not do a trade when unsure; don't enter the market if you know you can't see the trade until the end.

[Wind_FURY]

Stop loss is not always the answer to everything in trading when it comes to saving one's capital or investment because the type of cryptocurrency and the type of trading you choose for your trading are also important cause they are what will determine your decision.

There are  situations whereby the moment the trader chooses to stop loss or close the deal is when the market will reverse.

That's very true especially if the "trader" chooses to trade low-liquidity shitcoins. The usual situation that happens is, it goes down to your stop-loss, you close the trade, then it surges 3x mere moments later leaving you with a loss and a lot of frustration.

There's probably only 50% of the 10% of profitable traders that truly make money consistently to be a semi-professional bedroom trader. Some of us either become part of the 10% ourselves or lose all of our money.