Using stop loss? Are you in profit?

[Abu-Naim]

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 used stop loss in one particular trade and I still get liquidated, it makes ask a question that why am I setting stop loss if it can’t prevent me from losing my whole money? And from then, I decided to stop using stop loss and focus on trading using small leverage because high leverage in trading gives no peace of mind, in fact whenever I am trading a highly volatile coin with high leverage, I am always at alert because even my stop loss can’t prevent liquidation, so I have also decided to just trade with no stop loss even anymore for now.

[tvplus006]

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 is an overly simplified trading scheme and only applies to the bullish cycle, when almost the entire cryptocurrency is growing in value. And what will you do when, after your purchase, the cryptocurrency is constantly decreasing in price and after 4 months only half of the previous value remains?

[Powerjumboo]

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 market is very volatile right now, engaging in futures trading means that the potential for loss is high. Moreover, I don't have much experience in trading, so I don't go into futures trading because it seems too risky to me and I feel that I can lose all my money at any time, because trading based on speculation means relying on luck and trading based on luck can never bring profit. Also, I would say that it is important for a trader to use stop loss, because using stop loss reduces the potential for loss to some extent. It is wrong to say that greedy traders use stop loss, because traders who use low leverage also use stop loss.

[summonerrk]

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?

Stop loss is one of the most important trading tools, according to many successful traders, including those who trade cryptocurrencies. As for me, I understand the importance of this trading tool, but I have never used it.
The reason is that I was one of those traders who believed that no matter how much a cryptocurrency fell in value, as long as it was purchased on a trading account, it would eventually rise in price. However, time has shown that this rule only applies to Bitcoin and Ethereum. But in general, even just Bitcoin. I don't deny the importance of a stop loss, but it's better to find funds for averaging.

[cryptoaddictchie]

I used stop loss in one particular trade and I still get liquidated, it makes ask a question that why am I setting stop loss if it can’t prevent me from losing my whole money? And from then, I decided to stop using stop loss and focus on trading using small leverage because high leverage in trading gives no peace of mind, in fact whenever I am trading a highly volatile coin with high leverage, I am always at alert because even my stop loss can’t prevent liquidation, so I have also decided to just trade with no stop loss even anymore for now.

This happened to me last time on Binance, I dont know why this happened like it bypass the set up SL. Honestly this is so frustrating when it happened to you. What I am thankful during that time is I only got a very low open order for that, it did hit my stop loss price but the crazy email from Binance send a message about my position getting liquidated.

I actually complain but didnt get a good response that time during a crazy crash when it happened and they said sorry about it.

[Outhue]

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.

Not so true, are you really among those who traded on that day? Because all traders that use stop loss on Binance still end up losing their Money, something not funny happened on that day that even stops loss became useless, ask those who really trade on that day not those who think that stop loss could have safe those people, no one was saved, everyone got annihilated.

Thanks to stop loss though I have made some good amount of money from trading, still there are days that are just bad for trading where even stop loss feature can't safe you.

[lizarder]

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.

There's nothing wrong with using stop-losses, as they can limit one's risk of loss when trading. Isn't it true that stop-losses can be applied to both high and low leverage? Patience and discipline in trading are two very important things because they prevent one from becoming greedy and always sticking to the initial plan when trading. Most people are too greedy and want quick profits in trading, which often leads them to deviate from their initial plan and strategy.

Using a stop-loss is also a key aspect of risk management, so I believe it's crucial to implement it. Initial predictions don't always pan out. Using a stop-loss makes it easier for people to exit a trade without having to worry about holding a larger floating risk against the losses incurred when opening an order. People may have different opinions about the application of stop loss, but in my opinion, it is much better to use when opening an order position in trading.

[Big Dirams]

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?

Stop loss is one of the most important trading tools, according to many successful traders, including those who trade cryptocurrencies. As for me, I understand the importance of this trading tool, but I have never used it.
The reason is that I was one of those traders who believed that no matter how much a cryptocurrency fell in value, as long as it was purchased on a trading account, it would eventually rise in price. However, time has shown that this rule only applies to Bitcoin and Ethereum. But in general, even just Bitcoin. I don't deny the importance of a stop loss, but it's better to find funds for averaging.

Stop loss is definitely important but some traders just don’t buy the idea of using it which in my opinion I fell that trading without stop loss just opens privilege of hitting high loss when the market goes sideways. Stop loss saves us from a lot of trauma from market volatility but there are some places which stop loss is quite of no much use to me like when one is scalping but a trader shouldn’t overlook the value of stop loss.
 As a trader practicing the trading tools helps to strengthen our chances of success even if we feel some little tools might be of no importance but to be honest they are all worth using and it helps us in hitting good returns.

 Since we know that trading is all about win or loss and we have accept such facts so why not use stop loss to reduce our loss or are we really afraid to loss?
Either we apply stop loss or not we will make loss so let try to reduce our losses by stop loss and risk what exactly we can afford to loss.

[AYOBA]

The market is very volatile right now, engaging in futures trading means that the potential for loss is high. Moreover, I don't have much experience in trading, so I don't go into futures trading because it seems too risky to me and I feel that I can lose all my money at any time, because trading based on speculation means relying on luck and trading based on luck can never bring profit. Also, I would say that it is important for a trader to use stop loss, because using stop loss reduces the potential for loss to some extent. It is wrong to say that greedy traders use stop loss, because traders who use low leverage also use stop loss.

Every traders are dealing with the stop lose because that is what save at times to prevent them from losing big amounts of momentum for trading, and that’s trading is not for everybody if you don’t have know tactics to keep your trading strategies to the point where you can get the best possible outcome in a market that; you can never achieve anything from trading.

That’s why always run from it as I know that it involves of too much risks, i think some that involves themselves in a futures trading thinking that the risk is not that high whereby the potential of get loss easily is very high as you said earlier that how the future trading goes.

[gunhell16]

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?

In being traders, we should really know or get used to putting a stop loss as much as possible; this is what most traders in this field of the crypto industry always say, which is really good
and right. Though, on my part most of the time I don't put a stop; instead most of the time it's just TP.

But when I'm about to sleep, I put a stop loss, because the risk is already big if we don't do it; unlike when we're awake, we can at least peek at it once in a while.
This is the way I do it mostly.

[MoBitExchange]

Yes use a stop loss but personally I go off of candle closes and NOT wicks so if price were to wick to my stop but not close past it then I would not be stopped, this has saved me lots, with discipline you will be golden