Quote from: Qunenin on December 25, 2017, 08:04:41 PM

Quote from: treather on November 30, 2017, 04:20:11 PM

Quote from: japaninja on November 30, 2017, 04:03:54 PM

While I see the OP's point, i believe it is too much of a generalization not applicable to all cases. Stop order is a very important feature and trading and has saved me a couple of times already. The thing is you really need to learn how to use and know when and at what price to place stop orders. Generally if you are a newbie doing guesswork with trading, stay away from stop orders.

This. Its there for a purpose, and many traders can attest to its effectiveness. I will never leave a position open without setting a stop order, especially when I cannot monitor price movements.

Stop order is basically to put a stop in case you are in a loss and you wont lose all ur capital in case the coin you are trading dips down too low in a very short time. Anyways its upto the trader how he uses it but i think most people do not use it to it actual purpose.

exactly people that are invovle ob it he is the one who will make a decision that is we can say that this is not a good idea to continue but as long as we can see that this is a helpful thing to continue and we know how we are able to do for then we should do our best for.