Using stop loss? Are you in profit?

[batang_bitcoin]

I've been profitable in trading not because I know how to trade or because I'm a pro but because I only hold for few months and take profits whenever I'm ready, I've bought coin 4 times within 2 months and then, the 4th month was massive profits. No stop loss, just take profit after several months.

I could agree with you OP that stop loss are for greedy traders, I am never greedy, I just let it be and take whenever it's done.

This strategy is common and I also approve of it because it's profitable. You don't have to do day trading from time to time, the principle of buying low and selling high is this simple. But knowing when to sell is going to take you some moments realizing if you're already satisfied with the profit or not. Stop loss could be hit if you've got a very conservative way of trading and losing around 5% up to 15% could still not that bad. Yet many traders letting it lose more when they have been emotional and thought that a loss is a loss which is not a problem.

[JeffBrad12]

Not all people have the same strategy, some are doing trading with a setup, finding the right price mark for SL/TP, trade based on technical analysis, and more.
Some price action will invalidate the chart structure and invalidate your strategy as well, at that time there is no point in holding onto a losing trade when you know that the market has gone to crap.
SL/TP is the most important feature for me in trading, I prefer it to be make it or break it thus i'm not willing to hold onto the coin waiting for the price recovery in uncertainty.

[Charles-Tim]

Using a stop-loss is certainly beneficial, especially when trading multiple pairs simultaneously. This isn't an easy task. Stop-loss is implemented as a form of risk management. While strategies may differ, I believe that traders who use stop-losses understand the extent of their risk tolerance, rather than accepting further losses or liquidation.

Have you tried stop losses for the multiple pairs before? All these are said as if it is easy but it is not easy. I am with many traders that uses stop loss but they are in losses than profit. Just like I posted before, stop loss to be used or not depends on the type of trader that you are. Isolated accounts can truly be an alternative to stop loss but my explanation was how it can be a disadvantage. Traders should decide themselves if they should use stop losses or not.

[GreatArkansas]

Not all people have the same strategy, some are doing trading with a setup, finding the right price mark for SL/TP, trade based on technical analysis, and more.
Some price action will invalidate the chart structure and invalidate your strategy as well, at that time there is no point in holding onto a losing trade when you know that the market has gone to crap.
SL/TP is the most important feature for me in trading, I prefer it to be make it or break it thus i'm not willing to hold onto the coin waiting for the price recovery in uncertainty.

Yeah, I am somewhat agree here because it really depends for each situation, especially if you have a plan for that position, specific pair and you want to do everything go with your plan, so you set stop loss, target price, entry price, invalidate price.
But yeah you can not use stop loss and just feel free to exit anytime or just make your liquditation price as stop loss if that is in your "plan".

[slaman29]

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.

Wow you really are one of those people who don't believe in scientifically proven data of decades of driving that there is no circumstance where it is safer without a seat belt.

I guess this is why you think there is a case for not using stop loss lol

I don't even want to argue with you here, I simply suggest you look up hard scientific evidence and logic... that accidents are not always caused by you, but by external circumstance you cannot control.

Same as trading bro

I love you as a forum user and former gambling supporter (we shared same campaign) but I find it extremely irresponsible to teach people stop loss is bad.

[Bitcoin_people]

Everyone who comes to trade is greedy, they start trading not with the intention of losing but with the intention of making a profit. I also admit that I am a greedy trader because when I make a profit, I become restless to use high leverage later so that I can make more profit. Again, I use stop loss many times, sometimes when I see that the risk of profit is high, I close them again and change the price position. Although this is not very good, using high leverage in trading is very risky, the possibility of losing money is very high, yet many of us cannot be patient and greed drags us down. However, those who are patient and know how to analyze the market well are never greedy, rather they are satisfied with little, they use stop loss and go beyond the use of leverage. High leverage is always risky, so in trading, we should not be greedy but use little leverage instead.

[el kaka22]

I do, and by a hair margin, yes I am. Being in profit sounds like you are getting richer, but most of the time we just make enough profit to pay maybe the utility bill that's it, nothing more. I do see a lot of people who get rich a lot more, but those are rare occasions, all proof we have that most people just lose money, and the few that does make money are making just a small amount, only a tiny fraction of traders get super rich. This is why I would say that it is not going to be easier anyhow.

Stoploss is a strategy to cut loss early and indirectly may help you to protect your capital and you may make profits in next trades. I mean, stoploss got direct influence in your profit making but will lead you to have maximum possible capital and with big capital alone you can make big profits.

[BlackBaron]

I won’t argue with anyone who chooses not to use stop-loss orders when trading, even though I’m someone who recommends using them. To me, it’s up to each of us—whether to use them or not. As long as we can handle all the risks, then do whatever we want.

For me, what’s wrong is when someone tells others they’re wrong just because they have a different opinion in this case, regarding the use of stop-loss orders.

When we apply what we believe in, it should be based on what we’ve learned, so it shouldn’t be criticized because we certainly have a basis for what we do. And for me personally, using stop-loss orders helps minimize risk.

[tbct_mt2]

Everyone who comes to trade is greedy, they start trading not with the intention of losing but with the intention of making a profit. I also admit that I am a greedy trader because when I make a profit, I become restless to use high leverage later so that I can make more profit. Again, I use stop loss many times, sometimes when I see that the risk of profit is high, I close them again and change the price position.

Trading is risky, that should not do by many people especially there is another easier and safer choice - investment (just buying and holding for profit over time). People will escalate risk more when they not only trade with Spot market but also expand their trading to margin and futures markets that have leverages to use including super high and dangerous leverages.

With higher leverages, the risk of market liquidations is bigger and whenever a liquidation executed, initial trading capital as the collateral will be lost most of it.

I see you did not mention about withdrawal when you make profit from trading, that's bad. If you get profit from trading, it's good but it is only profit if you actually close your position for profit, and withdraw it to your non custodial wallets. By this gradual profit withdrawal, you will get part of your initial trading capital back, and if you maintain it well, you will possibly able to get all initial trading capital back to your wallet, then will use profit part on the exchange for trading without any pressure.

[crwth]

Yes, it's still necessary to have stop-losses on every trade. You know how unpredictable the market is, and at least for that time, you would be able to accept the losses you have set in the first place.

The important thing here for me, in trading, is to have the right position sizing because that's how much you would know you could lose in the worst-case scenario. Maybe there are times that you would also have some time-based exits. Like having a number of days, then exiting it or something. It's an alternative approach.

As long as you have things like that in place, you would be good to go.

[bricky2ndlife]

Yes, it's still necessary to have stop-losses on every trade. You know how unpredictable the market is, and at least for that time, you would be able to accept the losses you have set in the first place.

The important thing here for me, in trading, is to have the right position sizing because that's how much you would know you could lose in the worst-case scenario. Maybe there are times that you would also have some time-based exits. Like having a number of days, then exiting it or something. It's an alternative approach.

As long as you have things like that in place, you would be good to go.

As I know even with trading bots, traders must set up stop loss order for their bots. Bots work automatically but without a stop loss order for the bots, it will put the bot operation more risky, less profitable and it's really not safe for capital of bot users.

[TastyChillySauce00]

Yes, it's still necessary to have stop-losses on every trade. You know how unpredictable the market is, and at least for that time, you would be able to accept the losses you have set in the first place.

The important thing here for me, in trading, is to have the right position sizing because that's how much you would know you could lose in the worst-case scenario. Maybe there are times that you would also have some time-based exits. Like having a number of days, then exiting it or something. It's an alternative approach.

As long as you have things like that in place, you would be good to go.

Risk is dynamic and we can adjust whether from stop loss, leverage, size of the position, or even time duration.
Your strategy right there demonstrated risk management in size of the position and using small capital for trading, when worse comes to worst we could endure thousand percent negative position just fine.

It's not as 2 dimensional as people thought to be, so many ways for containing risk and so many way to get wrecked. Even without using stop loss one can always limit their risk.

[tygeade]

I won’t argue with anyone who chooses not to use stop-loss orders when trading, even though I’m someone who recommends using them. To me, it’s up to each of us—whether to use them or not. As long as we can handle all the risks, then do whatever we want.

For me, what’s wrong is when someone tells others they’re wrong just because they have a different opinion in this case, regarding the use of stop-loss orders.

When we apply what we believe in, it should be based on what we’ve learned, so it shouldn’t be criticized because we certainly have a basis for what we do. And for me personally, using stop-loss orders helps minimize risk.

It's basically a tool, and just like any tool, you can either use them or not use them and it's your preference. It's like saying your tool to trade is better than everything else and anyone who doesn't use it would be a bad trader. That's not true, there are people who use stop loss and make money but there are ones who use and lose money too, just as well as people who do not use it and lose money but also not use it and make money as well.

This is why we can't say that stop loss itself will be the difference between someone being a good trader versus someone being a bad trader. A good trader is a good trader, regardless of them using stop loss or not, but a very good trader using it will make a good chunk of profit.

[YellowSwap]

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?

The higher the leverage the higher the chances of triggering the stop loss instantly, the problem is your high leverage, stop loss is a very useful thing and this is the first time I am hearing from someone that they don't like stop loss.

I have a very good friend who is a pro trader than I am, we tried beating the market this January 2026 and he lost a lot of money, simply because he was too sure of himself, the blames coming out of his mouth later was that he failed to use stop loss.

You are exposing yourself to many dangers if you use high leverage in trading and also if you are avoiding stop loss, entry point is the most important thing as a gambler, I like the getting in and getting out strategy, every win is a win for me even if the ROI is small.

[BlackBaron]

I won’t argue with anyone who chooses not to use stop-loss orders when trading, even though I’m someone who recommends using them. To me, it’s up to each of us—whether to use them or not. As long as we can handle all the risks, then do whatever we want.

For me, what’s wrong is when someone tells others they’re wrong just because they have a different opinion in this case, regarding the use of stop-loss orders.

When we apply what we believe in, it should be based on what we’ve learned, so it shouldn’t be criticized because we certainly have a basis for what we do. And for me personally, using stop-loss orders helps minimize risk.

It's basically a tool, and just like any tool, you can either use them or not use them and it's your preference. It's like saying your tool to trade is better than everything else and anyone who doesn't use it would be a bad trader. That's not true, there are people who use stop loss and make money but there are ones who use and lose money too, just as well as people who do not use it and lose money but also not use it and make money as well.

This is why we can't say that stop loss itself will be the difference between someone being a good trader versus someone being a bad trader. A good trader is a good trader, regardless of them using stop loss or not, but a very good trader using it will make a good chunk of profit.

Exactly, a tool is something we can use or not, and it's up to us. Does everyone who uses a stop-loss always profit? No, and does someone who doesn't use a stop-loss always lose? The answer is no.

Even using a stop-loss will be meaningless if we trade without knowledge. So, the most important thing here is knowledge, and that will guide us in deciding whether it's better to use a stop-loss or not.

And each of us also has a different strategy, which can very well determine whether using a stop-loss can support our strategy or not.

[jostorres]

I won’t argue with anyone who chooses not to use stop-loss orders when trading, even though I’m someone who recommends using them. To me, it’s up to each of us—whether to use them or not. As long as we can handle all the risks, then do whatever we want.

For me, what’s wrong is when someone tells others they’re wrong just because they have a different opinion in this case, regarding the use of stop-loss orders.

When we apply what we believe in, it should be based on what we’ve learned, so it shouldn’t be criticized because we certainly have a basis for what we do. And for me personally, using stop-loss orders helps minimize risk.

Even for me, stop loss helps minimize loss but I have seen a lot of times that the markets can turn really volatile and that can make us hit the stop loss within a few seconds of opening the trade. Once the stop loss is hit, the market will revert back to the original stage and that makes me anxious. This has happened to me multiple times now and that was the reason why I chose to start trading with minimal stop loss positions.

Stop loss is a good thing only if the margin is low and risk to reward ratio is good. With higher margins and lower risk to reward ratio, we only increase the chances of losing by hitting the stop loss. Even I would now trade without setting a stop loss, but this will make me constantly keep monitoring the markets until my position is closed. This does take some of my time, but I feel it is worst instead of spending over loss on stop loss.