Would you still use stop loss

[Uruhara]

Using a stop loss is very crucial even if we are using low leverage. Because if a trade goes wrong and we don't have an automatic exit holding onto losing position can really affect our capital and we can take a wrong decision in that situation. Not having a stoploss is like not having any plan and knowledge about market. Even if we are trading on less volatile assets like Bitcoin or Ethereum with just 200$ out of our  1000$ , the market cn suddenly drop from bad news. If we use proper stoploss, taking a small hit doesn't affect much and we protect the rest of our capital.

That’s absolutely right. Besides, if we don’t use stop-loss orders, I don’t think that’s good enough in terms of risk management. Unless you’re using isolated margin in futures trading, in which case you can allocate capital you’re willing to lose for each isolated position. But the risk is usually too close to the liquidation threshold. So, yeah, that’s just going to keep your heart racing and make you anxious all the time. I prefer trading that brings more peace of mind. And by setting stop-loss and take-profit levels from the start, we can even exit the market and work with peace of mind.
Because we’ve limited the risk we’re willing to take and the potential profit we aim to achieve. And this is one of the key reasons why risk management is so important in trading, especially for those of us who are often busy with our day jobs.

[MarjorieZimmermanGinger]

Here is it
If you have $1000 on your derivatives trading account on an exchange, you use $200 (max) which is 0.2x leverage to trade daily. Trading just bitcoin or less volatile asset like oil, natural gas or gold. Would you still be using stop loss?

Stop-loss is important to limit significantly larger losses, even if the asset you're trading isn't as volatile as you mentioned. Stop-loss should be something to consider, especially for those who aren't yet experienced in trading. While it depends on how patient people are in trading and their trading plans, I personally find it quite important to implement stop-loss. Risking money in trading requires a plan, so implementing a stop-loss can limit losses, even if we're using a small portion of our total funds on the exchange.

I once lost $1,000 in trading using relatively low leverage and that was due to not implementing a stop-loss. This experience is the basis for why implementing a stop-loss is so important for me when trading. Even though an asset is not very volatile, we never know how the price will move under certain conditions.

[Peanutswar]

Stop losses and Take profit are the features offered for the traders this will help them not to watch the market now its not mandatory to use this feature but imagine the safety measures it could give if you had this kind of features to your trades if there is unexpected things occurs with your position they can catch immediately but of course its depends with your technical analysis how you will handle this Stop losses. For those who have strong emotions and they knew their risk management properly its good to have an open trades but for me if the market makes an against with my trades I will do commit another position and take a reset.

[Faisal2202]

Read this before you choose either yes or no.
Here is it
If you have $1000 on your derivatives trading account on an exchange, you use $200 (max) which is 0.2x leverage to trade daily. Trading just bitcoin or less volatile asset like oil, natural gas or gold. Would you still be using stop loss?

Using a stop loss is necessary, especially in derivatives or futures trading, because right now the market is very uncertain and it is not easy to find the next target in the short term. So I would strictly follow risk management strategies and use the basic ones like SL and TP. Because in spot trading, an SL does not always save you, instead it can cost you money if you enter and the market dumps to your SL. But in spot, you can buy again and still make profit later. You can also make profit in futures, but without an SL your chances of liquidation are high.

And it is not necessary that once the price hits your SL it will pump immediately. That is why it becomes difficult to make money in futures consistently. But in spot trading, eventually the price can rise again and you make profit. The rule is simple, always risk less and aim for a bigger profit.

[Charles-Tim]

I once lost $1,000 in trading using relatively low leverage and that was due to not implementing a stop-loss. This experience is the basis for why implementing a stop-loss is so important for me when trading. Even though an asset is not very volatile, we never know how the price will move under certain conditions.

This means you were not trading a good coin. You were trading a shit coin. Can you tell me the name of the coin? There are altcoins that can increase 10x within 1 or 2 hours which 1x leverage can not help if the market go against your direction. I completely prefer to avoid this gambling coins.

Stop loss can be good or can be bad depending on how the traders is and depending on the market he is trading. Using very low leverage and trading good coins like bitcoin may not necessary mean you should use stop loss, but as the leverage is increasing, also as you want faster income, stop loss can become very important.

[tygeade]

I am glad that people are saying yes to this poll, because that is what I also believed in. Glad to see the community and I are on the same page with this. While it is not an overwhelming victory, because we are seeing differences, it is still quite great that we are seeing these, it is very good.

I understand it may not be that easy, and we may see some problems along the way, because stop loss is not like some sort of "guaranteed not to make a loss" method, you can still hit it often and lose a lot back to back, but at least it is the best way we know how to protect ourselves from wiping out all our capital and this part is not reaching many traders and they are assuming like instead of hitting stoploss, waiting for market to recover and then exiting is easier but in reality is, exiting at stoploss will ensure that you lose at minimum and at calculated level and also you can find another trade to make profit and to recover your loss by freeing your capital.

[rezakurnia66]

Stop loss help my open position order securing my fund left due significant decreasing last two days ago trading at Ethereum and I have fund left with loss 30%, its benefit from stop loss maybe if still hold with risk of future trading I get loss until right now more than 70% and almost close with liquidation. No matter your trading kinds spot or future but always use stop loss how to get second chance buy back bitcoin and altcoin do you want more dip price.

You can't imagine bitcoin price drop significant yesterday raise to $70k without few days drop and dip under $60k, if you trade at future without have stop loss easily get liquidation and loss all your capital but with stop loss you can start second chance buy at lower price have chance to recovery how much your loss before.

[dansus021]

First of all know your risk different people should have different mindset just like my last post stop loss is needed for trade if you dont wanna blow up your account. Using leverage also carries a risk.

But in your case you have 1K dollar and only using 200 usd which 20% of total trade account most people only use 10% but according my profile im not going to use stop loss if i confident enough and only use max x15 leverage

[michellee]

I used stop loss in trading whether that is future or spot because stop loss is my savior from my greediness and the lost. Sometime I lose control but stop loss can prevents me losing much money and trading can stop in the way I want.

Stop loss can prevent the lose if we can't monitor market moves so our trade can stop before the situation worst. I don't want to challenge the market because that can makes me lose but I accept if some traders don't use stop loss.

[fighter2627]

Stop loss is important, and it is also good for all crypto traders to get used to doing this so that we can avoid the large amount of funds that we can lose at any moment due to the wrong decision we will make through the analysis that we will apply.

Because I have read that some people only put TP but do not put SL in which is for me it seems risky when done like this and we can get used to it as a trader

[disbil]

I used stop loss in trading whether that is future or spot because stop loss is my savior from my greediness and the lost. Sometime I lose control but stop loss can prevents me losing much money and trading can stop in the way I want.

Stop loss can prevent the lose if we can't monitor market moves so our trade can stop before the situation worst. I don't want to challenge the market because that can makes me lose but I accept if some traders don't use stop loss.

For future never miss use stop loss but for spot trading I prefer stop loss only for altcoin with high risk or high risk for raise up or down as usual new coins listing at top market, for top altcoin such as BNB, ETH and XRP never using stop loss indeed worth it has chance buy back at lower price. Stop loss worth it for the current market how moving down significant and we have second chance buy back at lower price to recovery how much loss from stop loss set up.

By the way how much percentage loss do you use stop loss? usually I prepare stop loss for coins id downtrend until 20% and in my mindset huge amount if coins price drop until 20% and good way for stop loss awhile get buy back at dip price.

[Jaweria parveen]

Stop loss is important, and it is also good for all crypto traders to get used to doing this so that we can avoid the large amount of funds that we can lose at any moment due to the wrong decision we will make through the analysis that we will apply.

Because I have read that some people only put TP but do not put SL in which is for me it seems risky when done like this and we can get used to it as a trader

For this, only some people decide and some people think that we can cover our loss with the remaining money and this misunderstanding can make more loss for them. There are also some traders who only focus on their target, they want to earn 50$ to 100$ a day so that their earnings do not suffer much and they gradually change their daily target. If your analysis is very strong and sometimes you go into loss, then in my opinion you should not stop and if there is a lot of loss, then it is important for him to stop. This is a separate problem for everyone because not everyone is used to it and wise, but you said it right, still we should use it together. Many things are needed in trading and every trader should take care of it so that he does not suffer from it.

[justdimin]

Stop losses and Take profit are the features offered for the traders this will help them not to watch the market now its not mandatory to use this feature but imagine the safety measures it could give if you had this kind of features to your trades if there is unexpected things occurs with your position they can catch immediately but of course its depends with your technical analysis how you will handle this Stop losses. For those who have strong emotions and they knew their risk management properly its good to have an open trades but for me if the market makes an against with my trades I will do commit another position and take a reset.

It also depends on the nature of your trades. If you are trading memecoins and know risk comes with it naturally, it's perhaps not a bad idea to avoid using stop-loss. Usually, when one is trading memes, they trade small already and know it can get blown away overnight so not really worth using a stop-loss in such cases because a dip might happen but a pump might be next. Instead, I'd say use take-profit in such cases. If you are daytrading or trading reputable cryptos like BTC, ETH, BNB, etc. then it's a good idea to use stop-loss to avoid some big loss due to an unwanted swing.

Stoploss in most cases helpful but when sometimes wild fluctuations happen and you exit at stoploss but market return back to your target and you find stoploss as an unnecessary thing while trading. I mean, there cannot be a definite answer for how helpful stoploss is or not.

[mindrust]

I don't enter positions where I would require to use stop loss. If I am entering a position, I usually consider that money lost. That however, doesn't mean I will never use stop loss because sometimes I notice I made a mistake... That sounds contradictory I know. Let's say, If I lose my confidence in the asset or my position, yes I would use stop loss. If not, I let it ride forever...

[I_Anime]

Read this before you choose either yes or no.

I saw someone posted this and I think I find a good patient trader that may not be using stop loss, unlike many people that are not trading, but posting that people should use stop loss regardless of the trading plan that the person is having, or people that may be part of the 85% of traders that are losing, using high leverage and advising people to use stop loss. I always say not all trading strategies require stop loss. Patient trading strategies which is the best does not require stop loss, but the profit can be slow but probably gradual.

Here is it
If you have $1000 on your derivatives trading account on an exchange, you use $200 (max) which is 0.2x leverage to trade daily. Trading just bitcoin or less volatile asset like oil, natural gas or gold. Would you still be using stop loss?

Everyone have a certain strategy that works for them . With or without using stop  loss , but to some traders stop loss is like a form of discipline, there where times I don’t use stop loss then and guess what it cost me alot , till I realized that stop loss is vital when come to proper risk management, it reduces losses so I personal can’t trade without having a stop loss and stuff .

[alastantiger]

I used stop loss in trading whether that is future or spot because stop loss is my savior from my greediness and the lost. Sometime I lose control but stop loss can prevents me losing much money and trading can stop in the way I want.

Stop loss are necessary for every trade that you want to execute, there has not been any trade that I entered without having a stop loss option available in case the trade was to go against me so that the market can kick me out despite me actively monitoring the market or not. The same way I have stop loss options available for my trade that is how I also have the take profit option so I can exit the market when I have achieved my aim. To avoid being greedy I always have a stop loss option available and I think every trader should also have this option available. Not everyone can be emotionally conscious and discipline to not be greedy when they are making profits or they are at lost because most time people tend to stay longer in the market when they are supposed to exit it earlier.

[Dareo]

In my opinion whether to use a stop loss or not depends on the trading style, there is no one size fits all rule. If someone uses low leverage, takes small positions and plans to hold the trade for the long term then in some cases it is possible to control risk without a stop loss. However I also think that the market can never be fully predicted. Suddenly due to some major economic news or unexpected events, the market direction can change in a matter of minutes. Without a stop loss even a small mistake can turn into a big loss.

So I would not call a stop loss mandatory but it is an effective safety net to protect capital. Opportunities to make a profit will come again and again in trading but once you lose a large capital, it becomes much harder to take advantage of that opportunity.

[Big Dirams]

In my opinion whether to use a stop loss or not depends on the trading style, there is no one size fits all rule. If someone uses low leverage, takes small positions and plans to hold the trade for the long term then in some cases it is possible to control risk without a stop loss. However I also think that the market can never be fully predicted. Suddenly due to some major economic news or unexpected events, the market direction can change in a matter of minutes. Without a stop loss even a small mistake can turn into a big loss.

So I would not call a stop loss mandatory but it is an effective safety net to protect capital. Opportunities to make a profit will come again and again in trading but once you lose a large capital, it becomes much harder to take advantage of that opportunity.

There are some style of trade we might want to take that some doesn’t really needs stop loss but there are some type of trade that we need to apply stop loss for our own safety. Like for instance when a trader go for scalping then stop loss might just serve as a risk move because with scalping no need for us to leave the chart instead we are active watching the chart because we might take our profits within few minutes but when a trader go for day trading or swing then it is advisable to apply stop loss to reduce our risk and set boundaries for our losses.

[gracreavix]

I think stop loss is not a must. But in some strategies, it is necessary. For me, I would definitely use a stop loss. When one uses low leverage, it can also make you not use a stop loss.

Stop loss is necessary if the market moves against you. On the other hand, patience in trading is paramount. Let me end with this. If you must use a stop loss, it must fit your strategy and not someone else's.

[ColdLava40]

So, no I will not use stop loss for this set up trading less volatile assets.

Stop losses are essential, but not a criteria that's necessary for trading.

I knew a few people who didn't like the idea of stop losses, not because it wasn't good or helpful but because they built a system that didn't require one. If you are those kind of traders who spend all day on the chart, then of what use us the stop.

You a!way have to be good with your emotions so you don't lose too much when a trade is no longer valid to stay in. Using stop loss is not necessary, it's a choice and depend on your strategy+psychology.