Stopping loss is an advantage to who?

[Opinder 1310]

On 1/31/2020 at 8:18 PM, Abo3laa said:

I think all traders who use stop loss in their trades don't have the patience to practice trading 
Since you're a trader you're you'll get profit and losses as we know that the movement of the market volatile, sometimes the price is high and sometimes the opposite, but as you move down the price of course will rise maybe the same day or after several days. 
Then why do you use the benefit of stopping the loss, which, if the currency reaches the specified price, will inevitably lose? 
Why don't you just hang in there and make some money? 
For me, I don't use that quality. I've always been patient. 
How about you, buddy?

I think stop loss order save you from high loss. You are saying about patience but in crypto we do not know how much time coins would take to recover. So our money would be stuck there and we could not use it for profit from other mean. Even some coins which could be crashed from market. So we could not let the money to go.

[febriyana 934]

Yes that is right. I think stop loss is not really working in cryptocurrency. I ever use stop loss and that is bad idea to losing money time to time. For now when i buying coin i will choose it carefully, so when i want sell it. That is must have better price than when i buying it. So when the price drop i will patient to wait it get better price.

[Jhadhasan 872]

A stop-loss order is placed in the area where the price rebound becomes not possible in the near future. Forex, you may lose your money's value if the price rebounds strongly and cannot be dispensed with.

[bliznec 22267]

It is difficult to answer who the loss is for when trading a particular cryptocurrency. I think that the loss goes to the cryptocurrency on which you traded.

[SuperCrypto 7193]

The ideal goal for online traders is to take advantage of price changes for profit. So by using stop-loss and take-profit orders, you can gain better control over your trades and money, and both can reduce your risk and maximize your profit potential.

[kadayakito 765]

The market is always volatile and you need to know the limits to stop in time. stop loss to avoid losing more money. A cold head is always good.

[Shahud 1319]

In the trading stop loss is a trick to save our coins price m dumping .it will help us in getting profit and minimising the loss which can be predcited to happen.so everyone should go for stop loss trick to make your trade safe

[gigabyteRTX 1583]

Well in trading I don't use any trading bot or some option in a trading platform because I much more prefer deciding on my own or in short I want to be personally seen and decide if its a good opportunity to sell.

[mani982 286]

I think stop loss is the best feature in trading some times when sudden dump is come in crypto coin we become safe to bear big loss from our trade we can fix the stop lost at 2% or 5% or any price value if price is dumped and drop then buy littler loss we can safe from big loss.

[BTC Future 3946]

I wasn't using stop-loss while I was trading a few years ago. Stop-losses weren't covered sometimes and I was getting liquidated, so instead I started betting less with more leverage and no stop-loss at all. If I was getting liquidated it was the same as using the position I wanted in the first place and exiting with a stop-loss. Now about what you are saying, I think that we should use stop-loss if we day trade, but only if it is safe that it works.

This is all about day-trading though with leverage, I don't exactly know if you are talking about this. 

[nicolas1234789 2566]

On 1/31/2020 at 9:48 PM, Abo3laa said:

I think all traders who use stop loss in their trades don't have the patience to practice trading

You are funny trader, first you say " practice ", you need to learn all tools that can bring you safety and stop loss is one of them. Second thing is since when not use stop loss meaning doesn't have patient?. This is trading not gambling and stop loss will reduce lost. Imagine if you not set stop loss and market goes red, in that situation you can't cancel OP because low network, stop loss is saver my friend.

[phizusiki 239]

You need to learn all the tools that can bring you safety and stop loss is one of them. Imagine if you did not set a stop loss and the market turned red, in that situation you cannot cancel the OP because of the low network, the stop loss is more economical than my friend. You have the ability to accumulate your capital from any disposal and no soul can become a polite merchant without a loss.

[Gg233 1061]

For now I still wondering if it’s really good to have stop loss because we can miss the bounce back by that and just end up losing and now just learning strategy that better than stop loss.

[phizusiki 239]

We are new in this cryptocurrency trading adventure, we have failed a lot but over time we have learned from our mistakes. Sure we will lose money when deciding to use that method but the stop loss is not always bad because sometimes you can buy back while cheap after making stop loss

[Sasaki 171]

Well before you enter in crypto trading you must ready to take risk, because trading is not simple however it is profitable it just that it needs a lot of patient because the price of crypto is very volatile. 

[dinabolt 514]

Something wrong with your perspective about stop loss. In reality 9 from 10 trader lost in market and reduce lost is stop loss duty. Some people choose to not set stop loss because they don't know and don't want to know. If they know stop loss function they will use it because running strategy without limit is disaster.

[Zezo 306]

I also did not use this feature yet, I think this depends on the currency that you choose to trade if it is a chit coin, so it may continue to fall and then a stop loss that will save you and therefore I prefer the top currency to trade and be patient with it to get a profit

[phizusiki 239]

On 2/4/2020 at 6:15 PM, Abo3laa said:

Yeah, the same opinion I said in the sharing. 
I'd rather be patient with the currency when it goes down than come up with the option of stopping the loss, and when it goes back up, I feel remorse.

It's really hard to get that decay because it's definitely going to cost you money to decide to use that method, but stop-loss isn't always bad because sometimes you can buy it back while it's cheap. we need to be patient to keep it going for a while to make a decent profit.

[Shaza Ahmad 1682]

I don't think your strategy is good. Stop loss orders should be placed in anticipation of any loss. At least, you exit the market with a loss of 2% better than your exit with a loss of 20%. Think about it good my friend.

[Razan alikac 1899]

I think we have to show strength and stop the simple loss so that we do not lose much .. Here is the courage and adventure .. There is nothing wrong with some losses that can be compensated

[Eminoko 15]

I do not like stop if I am losing already. I like it when I have gained and just use it to minimise lose of profits. 

[Ms.o 3322]

Stop loss is important for traders as market are extremely volatile, and can experience huge price changes in a matter of hours, or even minutes. So using stop loss orders offer a simple solution to investors’ need to carefully monitor changes and help protect a trader’s balance but they can also limit potential profits by effectively closing a deal too soon.

[ram007 391]

Stop loss is also for our own benefits. it minimize loses,and allow you to plan your risks on how much you afford to lose and your potential profits. 

[cryptousd20 141]

Stopping the loss in daily or monthly trading in proportion to me, I do not rely on it because I am always in front of the market and take the decision to sell myself, but I will not take any deal and I am sure of its success, therefore I do not stop the loss

[SuperCrypto 7193]

With a long-term stop loss order, the market order is triggered to sell when the price is trading under a certain price, and it will be sold at the next available price, and this type of system works well if the price or market is declining in an orderly way, but not if the decline is uncontrolled or severe .