Choose a stop loss point

[SuperCrypto 7193]

The entry point, take profit, abbreviation (TP) and stop loss are referred to as (SL) in every trade you make. The term "stop loss", abbreviated denoted (SL) is your safety net, with which you can reduce your losses and accept your limited loss without losing more.

[SuperCrypto 7193]

I consider that taking advantage of the stop loss feature provided by most trading platforms is important to prevent heavy loss even in times of rest and away from the trading screen.

[teminalibug 309]

On 3/30/2020 at 11:06 AM, Yasmin1985 said:

Until now i never doing stop loss, not because i am idiot. But because stop loss is like for who don't really believe in their choice. I am prefer all in for coin i choose.

So what happens if coins drops unexpectedly,do you cut loss, or you keep your HODL?

[iloveyobit 6599]

On 3/30/2020 at 5:25 PM, GanDuba said:

For me, it ks not true, but only in few cases. I have used stop loss before while the market later favor but I lost due to the fact that w market close as getting below the stop lost. 

I will agree with you if we were in the Forex market, but everyone knows that Crypto is a manipulative market in which I mean even if you are certain of the direction of the currency and your analysis, the market can change easily.

[gkapoxm 84]

If you check the volume in the market of the coin and see which price has hte biggest support point, you can put the stop less right bellow it which means the price drops bellow the support, it can drop a lot more, so you do not lose a lot.

[SuperCrypto 7193]

You should know how to deal with stop loss in a professional way, because it may prevent you from the big loss, and may prevent you from using it in frustration and grief also if you do not improve its use. It is an art and a doubt in this.

[phizusiki 239]

On 1/22/2020 at 10:11 PM, Cryptojubayer said:

To be safe from scamming we must need to use a stop loss point.Then we can save our funds if the coin dump hard.

Your interest rate will be higher than the current market price. Conversely, whenever you sell a currency pair, your interest rate will be lower than the current market price. setting a stop loss is too good as it will help you avoid losses even when you are inactive while your order is on the market.

[iloveyobit 6599]

On 4/10/2020 at 9:04 PM, halloweed said:

have you ever found yourself cutting loss on trades more than 2 times in a row just because the trades you made were wrong but in the same trades the prices went up as soon as you cut your losses?

Yes, it happened to me many times, not just once, because of the market makers ’manipulation of the price, as you deliberately lower it in order to hit the stop loss and then raise it again

[iloveyobit 6599]

33 minutes ago, halloweed said:

I wonder if this will ever end, i'm talking about the manipulations of prices, doge might be the only coin that is immune to manipulations among all the volatile coins. Sometimes you constantly lose because of these manipulations and you can not do anything about it.

Perhaps this will end if the field is adopted by the major countries and also the currencies were supported by the money money, but at the present time this is excluded.

[phizusiki 239]

On 1/23/2020 at 6:20 AM, palalu said:

my friend suggested if we want to achieve 10% profit, we should put stop-loss no more than that so as not to lose too much.

they only use the target and maybe they don't use both the target and the stop and this is a main reason for a lot of loss. if someone can tolerate this then surely he can go without this because of its work but mostly traders prefer to stop to avoid some good things lost in many cases. I use this one and it works fine

[deepown 0]

14 hours ago, King98 said:

This includes regular stop losses and reverse stop losses and the resistance line, investment duration and amount of risk and new traders need to understand that stop loss is a hypothetical goal when prices fall, which is proportionally supportive for a variety of reasons

I agreed to it but sometimes if you could spare a little patient then you can get your coins recovered and even with a bigger profit.

[MrGox 880]

Indeed maybe loss point is really good way to save you from risk. In my opinion we can take some risk, but it will not be high risk. It is not a safety way to earn profit. 

[Brushless4500KV 4214]

Do all exchanges have the option to choose a stop loss point that sells automatically at a certain price? Do you usually set your stop point at exactly the same price that you purchased or a little below that? I think purchase price is the best point because it is a break-even. This is good for beginners but I prefer to manage my assets manually because during trades we can change our minds many times. Automatic selling of asset is only suitable for those who don't have the mood to check prices frequently.

[phizusiki 239]

On 1/21/2020 at 10:34 AM, Jessika said:

Develop puts a stop to at the selected charge using want involving reduce misfortune periods, and after this to never transfer as well as at a great deal until eventually the idea consists of your reduction as well as restrain price. Throughout the expansion, your alleviate using which in turn these kind of reduce order placed are generally collection can be standard.

One advantage of a stop loss is that, when the market rises sharply compared to trading, it can save less money than lose it all. This method is not really the worst method used because it can save you money. If it drops then the stop loss will get a response and your loss will stop at your specified stop loss.

[CryptoMaxim 2372]

I always try to adhere to the set limits. But in 10% of my total trades, the market is not moving as I would like. And then i have to bear losses. And the time for one order may be delayed indefinitely.

[koussai999 1986]

On 12/30/2019 at 8:37 AM, Loly said:

Stop loss can be tricky, especially since there is no specific formula or percentage that establishes that point. In general, the point varies depending on the types of transactions you perform, and the amount of loss that you are willing to take financially and psychologically. If you are afraid of losses, you should for example set a narrow-scale loss stopping point. Keep in mind that you have to define a reasonably narrow point in order not to hinder you from trading opportunities.

Of course, trading with Stop Loss is a very important thing in order to stop the loss in case your plan does not allow you to do so, but the problem is that some deals go down to the Stop Loss and return and hit the new target

[Rendra808 92]

Its correct to position stop loss for every trading coin ,so that if the price is going lesser it'd be splendid to place prevent loss,properly sincerely you do not know whether or not the fee will rise or fall if it cave in then forestall loss will get in response and your loss will prevent at your given forestall loss.