Using stop loss? Are you in profit?

[Oshosondy]

You know that I am one of the traders on this forum that have always gone against the use of stop loss, just because I noticed that it does not make sense because the reason I used it in the past was because I use high leverage to open a position.

One of the things I learn about trading is patience, the use of low leverage, not trading highly volatile coins in a way that I can open a position and still be able to sleep conveniently over night.

I have noticed that most of you people have gone against me anytime I say stop loss is for greedy traders. Do you use stop loss and still earn money from trading since the last 6 months?


Also are you sure you are not a greedy trader?

[DavidPham]

You may have forgotten the crash on October 10, 2025. The entire market dropped sharply within just 1–2 hours. If you did not use stop-loss orders on that day, you could have been fully liquidated.
Yes, using low leverage and trading top coins with relatively low volatility can be effective—but only during stable market conditions with limited fluctuations. However, when the market becomes highly volatile, using stop-loss orders is essential to minimize the risk of losing your entire capital.

[dunfida]

Also are you sure you are not a greedy trader?

Using stop losses is considered to be part of risks management whether you do deal up with spot or futures on which i would say that it would be that having sense on using into. Yes, i do agree on what you have said that dealing up with less volatile coins is much more better rather than on playing with those newly listed ones or simply just  that being recently listed considering on the volatileness then it could blow you up on a short period of time. Now on the usage of stop loss then it wouldnt be that much of important when you do deal up with those established coins yet you can always choose up top hold your position on which considering the price would be eventually be having its recovery on just simply holding up your position. If it does have a SL then it would be considered a realized loss in compared when you are just that having a negative PNL but it would be that still unrealized and thats the beauty of it since you would be having the option to hold instead.

In regarding about on profitability then i can consider myself to be on the positive side but not really that much. I do still keep on learning everyday on which im trying out to enhance myself in terms of emotion and control but speaking about technical aspects then im confident that im already that aware and knowledgeable.

[YOSHIE]

Also are you sure you are not a greedy trader?

No, looking at the current situation of the crypto market I personally would rather avoid the stop loss feature, for the time being I do not use my crypto assets to be sold automatically in crypto trading at this time.

Likewise with the Cut Loss, Trailing Stop features, even though I know that Bitcoin prices will increase over time, but the best step I use in crypto trading at the moment is to use the Spot feature, although it's too long term, maybe it's better now that I consider the crypto market, this situation will prevent me from acting greedy.

[tbct_mt2]

You know that I am one of the traders on this forum that have always gone against the use of stop loss, just because I noticed that it does not make sense because the reason I used it in the past was because I use high leverage to open a position.

I have noticed that most of you people have gone against me anytime I say stop loss is for greedy traders. Do you use stop loss and still earn money from trading since the last 6 months?

The main but most important purpose of stop loss order or stop limit order is to defend your capital, it can be your stop loss, stop limit to take small profit or it can be to minimize your loss.

It's very vital practice for traders as with them trading capital is most important, and if they lose capital, they can not trade, their trading career will end and they know that risk. It's only whether they are careful enough to use such orders or they're experienced enough with past losses to force themselves using this order.

Also are you sure you are not a greedy trader?

A greedy and careless trader does not use stop loss or stop limit order because such traders only think of profit, and don't think of defending initial trading capital.

[_act_]

A greedy and careless trader does not use stop loss or stop limit order because such traders only think of profit, and don't think of defending initial trading capital.

What about greedy and careless traders that use stop loss but what is their problem is the high leverage and the market is always against them most of the time. A trader can use stop lose and be a good trader, but there are traders that will not use stop loss, all depending on the risks that you are using. A trader with low margin ratio can prefer not to use stop lose if trading less volatile asset like bitcoin with very small leverage. A trader that does not use stop lose would have calculated the amount of money that would have been lost during a sudden rise or fall that can cause some traders money to get liquidated.

[slaman29]

I'm surprised you said most of us, it should be all of us. Don't want to say it but I never trust traders who go off against the rails and say things like 'you're greedy because you use stop loss'.

That is to me like calling people coward drivers just because they want to wear seat belts in cars.

If you're a trader, you know where you want to enter a trade, and where you want to exit, right?

Isn't that the entire rational behind making a trade? Traders should all be able to enter and exit at a the price you have planned for. The fact many don't, proves they ARE not trading.

Come on @Oshosondy I know you're better than this

[Oshosondy]

That is to me like calling people coward drivers just because they want to wear seat belts in cars.

It is better not to wear a sit belt but be on the lane where cars are going slow than to use sit belt and be speeding in a way the car will crash. Going slow and no sit bet will make the person have low probability of having accident, unlike someone that speed to much, use sit belt but always landing in hospital.

[Mpamaegbu]

Going slow and no sit bet will make the person have low probability of having accident, unlike someone that speed to much, use sit belt but always landing in hospital.

Obviously, by that analogy, you seem to believe that most accidents only happen because the drivers in question were careless or over speeding themselves, right? You need to see drivers who drive meticulously but still get involved in accidents that aren't any fault of theirs. I've seen countless of such. I've seen careless drivers ram into those who drive with caution. Accidents happen, and we don't know when they will happen as they don't send any warning ahead before they happen.

Yes, I know you don't like using SL. You've to realize that what the seatbelt does in terms of accident, that's what SL does whenever traders make wrong calls. It prevents worse case scenarios upon them.

[maydna]

Yes, I admitted that I am a greedy trader

Sometimes I make money but sometimes I loss. If the price increase and I already place stop loss, sometimes I cancel and change the price position to close.

But many times the price can't reached my price position and down for a bit or drops and makes me to reset the stop loss or close the trade. But sometimes I forgot to close my position as I thought that the price can still increase but that is not.

These 6 months was very tough for traders as the market is not stable. The price can tricks us and change the direction suddenly.

[vanesha]

Stop-loss is actually used by those who are worried about their assets. It usually helps minimize losses. Some people also use it to lock in their profits. I'm quite confused as to why you say people who use stop-loss are greedy. I don't think they're harming you; they simply use this feature knowing it's quite helpful in their trading. I think you could explain in detail why stop-loss is a feature for greedy people? That would be interesting.

[Zigabel]

Saying that the use of stop loss is mostly for greedy traders is just your opinion but does it apply to everyone? Definitely not, there are people who use the stop loss for safety purposes, it is part of their strategy to continually keep them afloat in the market, it is a risk management strategy, so not using it to them mean a whole lot of risk which  they may not be okay with taking and that to me does not in any way make them greedy, it only  helps them trade better and stay long in the market enough to get good and better opportunities that will help them make profits from trade. Mind you account size matters and the type of trader that you are also gets to affect if not using stop loss is something you should do.

[Inwestour]

You know that I am one of the traders on this forum that have always gone against the use of stop loss, just because I noticed that it does not make sense because the reason I used it in the past was because I use high leverage to open a position.

One of the things I learn about trading is patience, the use of low leverage, not trading highly volatile coins in a way that I can open a position and still be able to sleep conveniently over night.

I have noticed that most of you people have gone against me anytime I say stop loss is for greedy traders. Do you use stop loss and still earn money from trading since the last 6 months?


Also are you sure you are not a greedy trader?

I don't trade now because the profits from trading aren't that great, but I did spend a lot of time doing it. But when I did trade, I most often used stop-loss, even though I only traded spot. This was my insurance policy when I couldn't constantly monitor the trade, I knew I wouldn't lose too much if the market went against me.

[Finebone]

I have noticed that most of you people have gone against me anytime I say stop loss is for greedy traders. Do you use stop loss and still earn money from trading since the last 6 months?

Using stop loss while trading doesn't make you a greedy trader as you are claiming, it's just a risk management strategy or one of the ways you can manage your risk, in other not to lose a huge amount of your margin.
I always trade with my stop loss and take profit on anytime I do trade, because the market can turn against you very quick, and in times like that, stop loss is what going to save you by stopping you out in the amount you were willing to lose, so to answer your question, yes.
I have made money from trading with my stop loss in place.

Also are you sure you are not a greedy trader?

When I do trade, I am actually greedy because you have to be greedy to win big, but what I do not do is trading with high leverage, because it's the cause of most losses traders goes through in the market, so high leverage is a big no when I do trade.

[joeperry]

Actually no one was against your stop loss, if it works for you then that's actually good and no one can tell you what to do with your own trades. I think some people including me are not just fan of that strategy since we're more likely to lose a position without using stop loss. When I do my technical analysis, I always have target profit, stop loss and target entry and it works for me and that's how I get used to but every traders have their own strategy that's why keep up what you think works for you.

To answer your question, I consider myself not a greedy trader since I'm sticking with my analysis. I know that I'm getting greedy if I am at loss or profit but still hoping for a comeback or more pump.

[Odohu]

Not using stop loss is actually a bad trading habit that can ruin a trading irrespective of the leverage used. Imagine going long on Bitcoin at the ATH without stop loss, that will burn your account completely. Stop loss is what allows a trader to be wrong in choosing direction and yet remain in business after paying little price for that. On the contrary, not using stop loss means that a trading insist on being right in the market which is not possible. Nevertheless, if not using stop loss works for you, go ahead and use it but I don't support it.

[Rruchi man]

A trader can use stop lose and be a good trader, but there are traders that will not use stop loss, all depending on the risks that you are using. A trader with low margin ratio can prefer not to use stop lose if trading less volatile asset like bitcoin with very small leverage. A trader that does not use stop lose would have calculated the amount of money that would have been lost during a sudden rise or fall that can cause some traders money to get liquidated.

It is a huge risk trading without a stop loss; a good reason some people may not like it is because they do not know how to use it correctly.

As mentioned by the OP, the only time I will feel not worried trading without a stop loss is when I am trading with a small amount of money and do not care to risk it all. But as soon as I start trading with huge capital, I need to still be able to ensure that what I am risking is very small in case there is a market move that can liquidate me; that is where a stop loss comes in.

[_act_]

It is a huge risk trading without a stop loss; a good reason some people may not like it is because they do not know how to use it correctly.

As mentioned by the OP, the only time I will feel not worried trading without a stop loss is when I am trading with a small amount of money and do not care to risk it all.

Why do you contradict yourself? You posted that traders that are not using stop loss are not using it because the do not know how to use it, but you also posted that some people may not use it because they use small amount of money to trade. That still means that some traders are not using stop loss. Just as I have said before, not all traders are using stop loss, some use little risks.

[tvplus006]

You may have forgotten the crash on October 10, 2025. The entire market dropped sharply within just 1–2 hours. If you did not use stop-loss orders on that day, you could have been fully liquidated...

On that day, not only those who do not set a stop loss were liquidated, but also those who had it set. It should be understood that with such a dump that occurred on the market on October 10, the stop loss did not work for many traders due to high volatility and lack of liquidity. But this is not the reason to ignore the stop loss.

[Faisal2202]

You know that I am one of the traders on this forum that have always gone against the use of stop loss, just because I noticed that it does not make sense because the reason I used it in the past was because I use high leverage to open a position.

One of the things I learn about trading is patience, the use of low leverage, not trading highly volatile coins in a way that I can open a position and still be able to sleep conveniently over night.

I have noticed that most of you people have gone against me anytime I say stop loss is for greedy traders. Do you use stop loss and still earn money from trading since the last 6 months?

Also are you sure you are not a greedy trader?

I can't agree more with you, because I used to avoid stop loss but few months ago I thought lets use stop loss, I was actively trading that month as day trader, I was opening trades, closing them sooner with some small profits and at the end of the day, the struggle and work I put in was more than the loss I made haha, yes I said loss not the profit.

Because of using stop loss, I ensured and booked the loss but if I had not used it, the chances were 70% that I could have recovered the capital or made a profit. After finding this I changed my strategy, I started to put another buy order at the first stop loss and then on the other two.

This way I made profit, but it also did not worked with high volatile tokens, but it is best for established ones.