Quote from: adroitful_one on January 20, 2020, 06:08:11 AM

Quote from: wildan88 on January 20, 2020, 05:46:17 AM

Quote from: adroitful_one on January 20, 2020, 04:25:23 AM

Quote from: coin_gambler on January 19, 2020, 08:54:03 PM

Stop loss is one of trading's most useful tools. Personally, I lost a substantial amount of money just because I was in a shoulder-free business. Unfortunately, choosing the right stop size is particularly difficult now because market manipulators simply knock out the stops with some actions. However, even if this factor is taken into account, it is impossible not to use such a useful tool, because without using it you will surely lose more. Stop loss minimises your risk and the likelihood of error.

My problem is the opposite. It seems like every time I try to use a stop loss, the coin will dip and sell at the price and then immediately go back up and trade for the price I was originally wanting to sell for anyways. It drives me nuts knowing I would have had the trade go through had I just not used a stop loss. I just don't really find them that useful if I'm trading top coins. Usually, even if the price dips down, it returns sooner rather than later to the price I was wanting to sell at.

sometimes I also experience the same thing, when the cut loss prices go back up, but I apply 10% to the cutloss, and according to my experience it's better to lose 10% and it will be easy to recover, than I did not cutloss and lose more than 50%.

I don't ever hold trades long enough to lose 50%. I only trade good, well established coins and try to trade them off within a couple of days. So, unless something major happens with the project, I don't ever see that much of a crash. How long are you trading where you see those kinds of losses? That's one of the reasons I don't hold long term. Those 50% losses would stress me out too much.

I trade in binance, there were lots of coins that fell below 50% when bitcoin price surged, at that time I was too confident and tried not to cutloss when it went down, but apparently it kept going down, until finally I got a 50% loss and did not dare to backup my loss for fear that it will continue to fall and until now its difficult to recover to reach 50%. so my principle always put 10% cutloss each decrease.