Quote from: xitrum on August 25, 2018, 10:50:34 PM

Quote from: ricseb on December 26, 2017, 09:35:40 AM

Hey everyone. Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade? It would be much appreciated.

ricseb

You can see that with a market that is fluctuating continuously and it is difficult to predict the current trading day is very difficult, bitcoin prices can continue to drop at any time, so I believe you must always have a stoploss in the trading plan. The market will be more volatile as bitcoin prices are constantly adjusting.

What you are telling is true but i think if you trade with StopLoss, then most of the time you will see that your stoploss will get triggered and then it goes back up so using stoploss is not good always it should be used according to the coin which you are trading.

If you are trading in BTC then i think using stoploss is not benefit as you know that if today the price is down then some time later it will go up. BTC price swings both side so many times in a day that stop loss will almost trigger most of the time.

When you are trading in altcoin whose market strategy you dont know then using stop loss is good as it will save you if the coin goes dead and stoploss saves you with minimum loss.