They are gambling but they think they are trading

[Oshosondy]

I saw some people posting that they do not know reason I post against stop loss, this is another one.

This is not just what I am thinking, it is about how traders are feeling. They want to use $200 to trade, thinking they can go 40x which is $8000 to trade with, thinking of stop using stop loss because of that. Later after the use of stop loss, few wrong trades exposed them to more losses of money and the money on their trading account got liquidated just because they expect $2400 from their initial trading capital of $200.

You trade with $200, but expecting profit of not more than $10 monthly is far better than expecting $2400. Those that are expecting $10 monthly from $200 has higher chance to make money in trading and not think of stop loss than people that are using $200 to trade and expecting $2400 annually which is $200 monthly or more. Most traders fall under making more than 10x from trading in a year and they will argue that stop loss is good which makes other traders greedy.

This is exactly the reason most traders are losing. The old traders which are whales know exactly how to take money from these people.

How much will you be expecting from trading in a month if you are trading with $200?

[Frankolala]

I think stop loss spoils the bigger opportunity to make profits beecause it might be that after using stop loss, the price might begin to go up again and you will miss the train. If I am trading with $200 in a month, I expect 10% profit which is $20 but that doesn't mean that if I see small profit, I wouldn't close my position because the bird at hand is worth more than millions in the forest.

[BitMaxz]

So you are against the SL? Well, I already learned from my mistakes before of not using a stop loss. We have different ways of how we trade, but your explanation above looks like you are pointing to the trap of greed with high leverage.

For me, if I have $200 in capital, I don't expect to make more than 2x in a month; having a 1% to 10% is more than enough for me, but still it depends on the market because sometimes I don't trade in a month because of unclear direction. Short-term or scalp trading puts you at risk of being manipulated by whales that stop-hunt.
I always choose a longer time frame to avoid manipulation, but there is no guarantee that you will not be targeted by manipulators. However, I experience fewer stophunts than if I scalped or day traded.

Since you know how stop-hunt works, why not avoid placing your stop-loss in that area since you know how whales hunt those areas?
Honestly, we are similar before thinking about these manipulations; it's pretty common that is why we need to filter out those mistakes. Going to a higher time frame puts more weight than in a lower time frame where most of the whales are watching.

[EarnOnVictor]

I think stop loss spoils the bigger opportunity to make profits beecause it might be that after using stop loss, the price might begin to go up again and you will miss the train. If I am trading with $200 in a month, I expect 10% profit which is $20 but that doesn't mean that if I see small profit, I wouldn't close my position because the bird at hand is worth more than millions in the forest.

I've tried whatever any trader could say about trading, and I wonder why they undermine the importance of stop loss. Well, the good part of stop loss are being silenced, while the bad part are being leveraged upon. Stop loss is not meant to protect your position only, it is meant to protect your trading account, give your strategy time to breath and enhance the beauty of your risk management.

That is a whole lot. Without stop loss, there is no proper account management, in my experience, and those who leave their trades to run forever are hardest hit, unless they maintain a very low risk, which is not bad. It will only deny them of quality profits. And this still doesn't mean that they will not lose, many of them even lose more, it's only a matter of time.

[Shishir99]

How much will you be expecting from trading in a month if you are trading with $200?

If you ask me, I would expect 10% to 20% a month if I spend enough time. I am not a trader, but I think it is possible to make $20 a month with $200. However, there is a high chance I will be liquidated because the amount is too low. Even if I set a stop loss, it won't be easy to recover the loss with this tiny amount of money. People who think they can make 20x with their money without losing it, they are fools. Is it possible to make a 20x profit? Yes, possible. But then you will have to be prepared to lose 20 times. This is the actual odds. If you try 20 times with this amount, there is a fair chance you will be able to make 20x profit at least once.

[EL MOHA]

I think stop loss spoils the bigger opportunity to make profits beecause it might be that after using stop loss, the price might begin to go up again and you will miss the train. If I am trading with $200 in a month, I expect 10% profit which is $20 but that doesn't mean that if I see small profit, I wouldn't close my position because the bird at hand is worth more than millions in the forest.

Then assume not using it, i usually don’t disagree with people looking at stop loss as not good thing to use because some people who usually use stop loss use it wrong by apply high leverages to trade simply because they see stop loss as what will stop them out when the trade goes against them and that’s where ones psychology is tested.

But stop loss is never a problem if used rightly just like what you said about your stop loss triggering and then the trade going where you have earlier predicted. This is similar to when you close it too by yourself at certain level and then it goes back to your analysis.

Stop loss and profit target levels are actually set not just by your anything but by looking at the charts and where you think there is either resistance or support and that the trader will stop at. So even if it triggers at this zone as a fake out it is not bad it will be worse if don’t set it and get liquidated while waiting for a reversal

[Ndabagi01]

I think stop loss spoils the bigger opportunity to make profits beecause it might be that after using stop loss, the price might begin to go up again and you will miss the train. If I am trading with $200 in a month, I expect 10% profit which is $20 but that doesn't mean that if I see small profit, I wouldn't close my position because the bird at hand is worth more than millions in the forest.

The importance of stop loss can never be too overemphasized. If you’re a trader and you’re not using stop loss, you’re at more risk of losing your money and getting liquidated. All of the explanations of the OP is more of your property risk management approach in the market, which should be less risky and also not being greedy overall.

If you’re a trader and you’re not using stop loss, you’re just at risk of losing everything in a twinkle of an eye. Markets that do hit stop loss before going your way doesn’t mean you’ve lost, it is simply telling you that your stop loss wasn’t placed well and you can adjust that in your next trade, it doesn’t mean failure that you’ll adjust your stop loss and then end up liquidating more than the amount you’ve set for a trade to be stopped out on.

Stop loss is very good and has a lot of importance for your longevity in the market and also to learn and adjust to market changes. The market are unpredictable, but with proper placement of stop loss and low risk, you’ll get a good chance to finish to be profitable with the right knowledge in the long run.

[Alphakilo]

I think stop loss spoils the bigger opportunity to make profits beecause it might be that after using stop loss, the price might begin to go up again and you will miss the train. If I am trading with $200 in a month, I expect 10% profit which is $20 but that doesn't mean that if I see small profit, I wouldn't close my position because the bird at hand is worth more than millions in the forest.

The importance of stop loss can never be too overemphasized. If you’re a trader and you’re not using stop loss, you’re at more risk of losing your money and getting liquidated. All of the explanations of the OP is more of your property risk management approach in the market, which should be less risky and also not being greedy overall.

If you’re a trader and you’re not using stop loss, you’re just at risk of losing everything in a twinkle of an eye. Markets that do hit stop loss before going your way doesn’t mean you’ve lost, it is simply telling you that your stop loss wasn’t placed well and you can adjust that in your next trade, it doesn’t mean failure that you’ll adjust your stop loss and then end up liquidating more than the amount you’ve set for a trade to be stopped out on.

Stop loss is very good and has a lot of importance for your longevity in the market and also to learn and adjust to market changes. The market are unpredictable, but with proper placement of stop loss and low risk, you’ll get a good chance to finish to be profitable with the right knowledge in the long run.

The better opinion for me has to do with the other traders that think using stop loss protects their position, even though this is true to some extent, how you use it matters a lot. You can't just use stop loss while trading high leverage because be sure to make losses.
However, when you use a stop loss with low leverage and with a realistic target in mind, any sudden dip won't guarantee a loss because the noise in the market is nothing to be worried about.

This boils down to traders having the right knowledge about leverage and position sizing, because it would go a long way in ensuring such a trader knows when to and how to use stop loss to avoid losing their capital.

[Jegileman]

How much will you be expecting from trading in a month if you are trading with $200?

This will really depend on the kind of my risk assessment plan in trading. A minimum of 10% of $200 isn’t bad and should be by minimal target. Anything asides that should be a surplus I get base on my risk plan but will still stick to not allowing my trades results fall below the profit I’ve made for that month. So this needs discipline so much to make it happen.

About stop loss in trading, it is already a part of me and not what I can let be. Trading without stop loss to me is the biggest risk I can ever take. The market can decide to do anything and go sideways at anytime, it is your stop loss that will reserve your account from being liquidated. This is not something of contempt, it is a compulsory thing to me.

[PostQuantumBTC]

It is good if you use low amount of money to trade with or without stop loss, what I do not like are people that have been losing in trading for months or years but they continue to trade, that is really very bad. This is not a matter of using stop loss or not using stop loss, it is better for such people to just quit trading and focus on holding good assets like bitcoin. Trading is the reason for the financial draw back that many people have in life.

[LogitechMouse]

---
This is exactly the reason most traders are losing. The old traders which are whales know exactly how to take money from these people.

How much will you be expecting from trading in a month if you are trading with $200?

By any chance, are you using that strategy called "Dumb Money Concepts" on YouTube because the one that uses that strategy don't use stop-loss at all, and he has this "easy but weird" strategy that even I have a hard time understanding it.

Anyway, I guess let's just keep it this way. If OP is profitable in trading without using any stop-loss then that's good. I know that there are whales and institutional money out there that are trying to liquidate those who have loss, and that's why there's something called a liquidity grab. I believe some retail traders already found a way to bypass this thing, but there are still some who are still losing. As for stop-loss, I'm totally against not having a stop-loss back then, but as time passes by, I realize that as long as your strategy works in your favor then it's all good.

If you don't use stop-loss and it works for you, fine. If you use stop-loss and it works for you, fine. We have different experience with regards to this stop-loss, and somebody could make a podcast around it. Anyway, as for trading with $200, I don't know TBH, but I think I can make around more than 20% profit from it for around a month.

[CryptoBuds]

I think stop loss spoils the bigger opportunity to make profits beecause it might be that after using stop loss, the price might begin to go up again and you will miss the train.

But what happen if the price drops much more than you expected and you do not use a stop loss?

I understand where OP is coming from because I used to trade forex without using a stop loss. However, that strategy only works if you are not chasing huge return, keep your leverage low and are willing to wait long enough for the market to recover.

Conversely, if you use high leverage and try to make huge profit in a short period of time, trading without stop loss is suicidal.

[Stepstowealth]

How much will you be expecting from trading in a month if you are trading with $200?

Sometimes not setting your expectations too high can be the way to make profit in trading , when you set your expectation so high about the profits you expect to make in trading you put yourself under some kind of pressure and when you cannot meet up to this target you tag whatever profits that you've made in that month as not enough and consider yourself a failure when in reality it is not so. You should have a target to make profit from trading in a month and a target also to protect your capital and not lose, if you are able to achieve it and get any amount of profit within a month or the period of time you've stipulated for yourself from the capital you have and protected your capital as well you've been able to achieve a goal and I think you should be proud of your results. Sometimes you should be able to rate your success by how well you've been able to protect your capital and not only by the profits you've made.

[jcojci]

From $200 to trade, maybe I can expect to earn for 5%-10% monthly if the market is good but that could be less than 5% if the market is unknown. These situation makes us to takes any profit we earn so we can survive from trading but if we talk about the whale, they know how to make money from trading.

If you want to trade, make sure you enter at the low so you can expects the bigger profit but that will not always guarantee because you know the market moves unpredicted. You can only analyze, enter the market, buy the coin, and earn but if that is not happens, you should not gives up because that is the process to make a profit.

[Big Dirams]

I think stop loss spoils the bigger opportunity to make profits beecause it might be that after using stop loss, the price might begin to go up again and you will miss the train.

But what happen if the price drops much more than you expected and you do not use a stop loss?

I understand where OP is coming from because I used to trade forex without using a stop loss. However, that strategy only works if you are not chasing huge return, keep your leverage low and are willing to wait long enough for the market to recover.

Conversely, if you use high leverage and try to make huge profit in a short period of time, trading without stop loss is suicidal.

Not using stop loss as a trader always looks risky to me because the market movement is unpredictable and we not using our stop loss is just us risking our capital and putting a chances of end to our trading journey.
I feel not applying stop loss is always suitable when a trader is scalping but aside scalping I don’t think other market approach is good enough for us not to apply stop loss, even in scalping we still need to be careful and stay on the chart and observing the market so we don’t get liquidated because we can’t be certain of the market next moves.

[Gozie51]

I saw some people posting that they do not know reason I post against stop loss, this is another one.

I'm part of those who will support the use of stop loss in trading the global market where you don't have control of. You use SL to control your unimaginable loss. For example, if you enter a wrong direction, it can take months before the price will revert back to your entry point for you to have the chance to exit and by that time, you would have lost all of your capital.

This is not just what I am thinking, it is about how traders are feeling. They want to use $200 to trade, thinking they can go 40x which is $8000 to trade with, thinking of stop using stop loss because of that. Later after the use of stop loss, few wrong trades exposed them to more losses of money and the money on their trading account got liquidated just because they expect $2400 from their initial trading capital of $200.

SL is not really about how much you target to gain or profit but how much maximum that you want to lose in that trade. So you can set a very profitable range for TP ( which is even better by the way) because that is the purpose. But you will aim for a small SL. So it is not really about how much $ you want to profit but how much $ that you don't want to lose.

I think stop loss spoils the bigger opportunity to make profits beecause it might be that after using stop loss, the price might begin to go up again and you will miss the train.

What then happens if you don't use SL and the price keeps going down or up against you (depending on the position you are in the market)? Your account will definitely dry up. But if you set the amount you want to risk to lose, if it gets to that point then it will automatically cut it off for you and leaving your balance that you can use to strike on another trading opportunity. This is the function of stop loss buddy.

If I am trading with $200 in a month, I expect 10% profit which is $20 but that doesn't mean that if I see small profit, I wouldn't close my position because the bird at hand is worth more than millions in the forest.

It is another kettle of fish to make a little profit and decide to take it. That is called scalping and it is a type of trading like day trading and position trading. Nothing is wrong with scalping. That depends on what pattern you trade with. You can also use SL in scalping if you can be fast enough depending on how many means timeframe you want to scalp with or you use pending order on it where you will have the time and chance to set your SL and TP before your order triggers up.

[knowngunman]

As usual, I will maintain my stance on the issue of stop loss. It's personal choice and it's unfair to condemn people for using it or not. As far as I know, stop lose doesn't make people greedy but greed can actually make people to ignore stop loss. It depends on what work best for you. It's fine if you enjoy trading without applying stop loss and it's not wrong too if you apply it.

Now on this issue, the problem here is not about using stop loss, it's about having higher expectations on small capital. This is not how trading works, you're obviously gambling. With $200 capital, $5 to $20 profit in a month should be a realistic target but anything beyond that is likely to get you wrecked.

[GreatArkansas]

(....)

This is exactly the reason most traders are losing. The old traders which are whales know exactly how to take money from these people.

How much will you be expecting from trading in a month if you are trading with $200?

For me, expecting huge profits from $200 usually leads to high risk, which means you need to increase your leverage, make bad decisions, and, for sure, bigger losses.
For me, a small target like $10 a month is more realistic and gives you a high chance to survive the market, as long as this is consistent, profit is profit already.

[bitbollo]

200 $ capital makes me laugh because in some cities you can buy food for a couple of days / week no more.
Even if you get an impressive 7% or you "beat SP500" you can get a pizza!

Here I see the first issue, people are dealing with "small amounts" that can afford to lose.
Compound interest has become something that can be easily adopted by anyone at any percentage just switch investement.
DCA with bitcoin and enjoy the economy related provides only peace of mind. No one is going to force some "to risk" here.
No investement or expensive expert to pay.