Would you still use stop loss

[kawetsriyanto]

Not making use of stop loss doesn’t make you a gambler. Some people are not just interested in making use of stop loss. We have some traders that are always online to monitor their trade, so people like that might not really be making use of stop loss, and they going to be making money from trading. Trading is not all about stop loss, you might be making use of stop loss, and you still going to be losing in trading. Am a trader and I don’t use stop loss frequently but that doesn’t make me to be a gambler, and it doesn’t mean am greedy.

Agree. Someone who doesn't want to use "stop-loss", it doesn't mean he is like a gambler. The chance to gain profits will remain good if he has a lot of time monitoring the market in a day.  I have some friends who are also traders, they can trade daily without using stop-loss. But they are quite often checking the market through laptop or smartphone. I also do the same way when I trade in weekends, I never use stop-loss. But if we are quite busy and have no enough time to monitor the market, it is quite recommended to use stop-loss.   

[cyberninja2]

They sometimes do this because they're certain they have a large amount of capital meaning they have enough capital to bet so they don't think about stop-loss. This isn't possible for those with very limited capital so they always manage their trading carefully and don't fully invest their resources because they know that if they do they won't be able to handle a loss. This is different from those who sometimes have a strong enough grip that they don't even think about stop-loss. They will fully invest within their limits. Ultimately they just wait to see what will happen to their trading bets whether it's the risk or the profit.

This is what some people will not understand, according to some explanation, stop loss is not necessary if the trader knows what he is going. Even if trading with low capital like $200 and expecting a profit like $1 or $2 daily, that is still a good way stop loss may not be necessary. But it is good for a trader to have the right calculations before trading without using stop loss. Stop loss can be good for the traders that like to risk amount of money and also for those using high leverage

It's more accurate, as you said, that traders must make calculations so that this can benefit them in carrying out their activities, especially since some of them like to take risks. I think it's necessary for them to implement a stop-loss.
However, I believe that sometimes not everyone can do it this way because some of them don't like taking risks in their activities. This sometimes leaves them confused, and ultimately they prefer to remain silent without carrying out what they had planned based on their desires before starting.

[Futurexxx]

Trading without using a stop loss will mostly work when you are trading with an amount you can afford to lose, but if you are trading with a margin you cannot afford to lose all of it, it's best you make use of stop loss in other to mitigate your loss if the market goes against you.

I believe that without a proper risk management strategy, your cannot stay long in the market, so using stop loss is not a bad idea since it's one way to protect your margin while trading. So to answer the op question, I will still use a stop loss because $200 is not a small amount of money to me.

[cozytrade]

Not making use of stop loss doesn’t make you a gambler. Some people are not just interested in making use of stop loss. We have some traders that are always online to monitor their trade, so people like that might not really be making use of stop loss, and they going to be making money from trading. Trading is not all about stop loss, you might be making use of stop loss, and you still going to be losing in trading. Am a trader and I don’t use stop loss frequently but that doesn’t make me to be a gambler, and it doesn’t mean am greedy.

Agree. Someone who doesn't want to use "stop-loss", it doesn't mean he is like a gambler. The chance to gain profits will remain good if he has a lot of time monitoring the market in a day.  I have some friends who are also traders, they can trade daily without using stop-loss. But they are quite often checking the market through laptop or smartphone. I also do the same way when I trade in weekends, I never use stop-loss. But if we are quite busy and have no enough time to monitor the market, it is quite recommended to use stop-loss.   

I do agree that a person isn't a gambler just because they don't use stop loss ultimately. It is important to have a solid trading plan. And proper risk management some traders may not be able to keep up the pace of the market. And they can make manual decisions to stop trades when they feel it's the right time. This can be a good option for them if they are disciplined and experienced. In the crypto market though things are very volatile. And any time there can be an unforeseen price change. That's why I still like to use the stop loss. When I'm not actively monitoring my trades because it helps keep losses to a minimum and keeps my trading money safe

[Wakate]

Not making use of stop loss doesn’t make you a gambler. Some people are not just interested in making use of stop loss. We have some traders that are always online to monitor their trade, so people like that might not really be making use of stop loss, and they going to be making money from trading. Trading is not all about stop loss, you might be making use of stop loss, and you still going to be losing in trading. Am a trader and I don’t use stop loss frequently but that doesn’t make me to be a gambler, and it doesn’t mean am greedy.

Agree. Someone who doesn't want to use "stop-loss", it doesn't mean he is like a gambler. The chance to gain profits will remain good if he has a lot of time monitoring the market in a day.  I have some friends who are also traders, they can trade daily without using stop-loss. But they are quite often checking the market through laptop or smartphone. I also do the same way when I trade in weekends, I never use stop-loss. But if we are quite busy and have no enough time to monitor the market, it is quite recommended to use stop-loss.   

Not using a stoploss should not be a problem but their should be reasons to why you don't want to use a stop loss.
The kind of trader that you are should determine whether using a stop loss will be beneficial to you or could create a difficult time for you making profits from the market. There are different traders in the market and it will depend on how much you are using to trade before you can make profits and abstain from using a stoploss.

[dwyane36]

Not using a stoploss should not be a problem but their should be reasons to why you don't want to use a stop loss.
The kind of trader that you are should determine whether using a stop loss will be beneficial to you or could create a difficult time for you making profits from the market. There are different traders in the market and it will depend on how much you are using to trade before you can make profits and abstain from using a stoploss.

There aren’t actually that many reasons why traders might not use stop-loss orders. For example, there are times when major players specifically target the stop-loss orders of regular traders. Once they hit them, they sharply reverse the price in the desired direction. I think many people have experienced this: their stop-loss orders get triggered, and then all they can do is watch the chart rise. Another reason why some traders might not use stop-loss orders is that market volatility can sometimes be so extreme that a stop-loss you set in advance might fail to trigger if sharp price movements create a large discrepancy between the index price and the mark price.

[Leahized]

Not making use of stop loss doesn’t make you a gambler. Some people are not just interested in making use of stop loss. We have some traders that are always online to monitor their trade, so people like that might not really be making use of stop loss, and they going to be making money from trading. Trading is not all about stop loss, you might be making use of stop loss, and you still going to be losing in trading. Am a trader and I don’t use stop loss frequently but that doesn’t make me to be a gambler, and it doesn’t mean am greedy.

Assuming, you are a skilled and good trader. Maybe you're not taking too much risk, so you don't need a stop loss. But if a trader uses high leverage, he should be aware of the risks. Because the higher the leverage, the higher the risk. I believe, many traders don't use SL, because they trade order close with small profit. What I mean by gambling here is that they have no fixed limits. For example: gambling offers a much higher multiplier and trade has the same potential.

[kawetsriyanto]

In the crypto market though things are very volatile. And any time there can be an unforeseen price change. That's why I still like to use the stop loss. When I'm not actively monitoring my trades because it helps keep losses to a minimum and keeps my trading money safe

True. The crypto market direction sometimes can easily change due to sudden news or issues. It is very possible that crypto prices can drop significantly at any time. If we don't monitor it constantly, we may experience severe losses if we don't set "stop loss". That's why it is quite necessary to always set "stop loss". As I said above, it is recommended to apply "stop loss" for the people who have busy time every day.

Not using a stoploss should not be a problem but their should be reasons to why you don't want to use a stop loss.

Indeed. I have explained above, some people don't use it because they are quite often monitoring the market each day.

The kind of trader that you are should determine whether using a stop loss will be beneficial to you or could create a difficult time for you making profits from the market.

I don't think stop loss will make the difficulty for traders. It is just a preventive way to avoid severe losses. It must be beneficial for any trader.