Quote from: coinfinger on January 25, 2020, 06:24:14 AM

Quote from: redigaffi on December 18, 2019, 12:17:05 PM

Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?

Maybe you didnt set the stop loss the way youre meant to set it. You shouldnt be setting your stop loss at random levels, you should be setting it in a position that will allow some fluctuation, that means you have to put it below the swing low, which what you have just explained here : the price of Bitcoin or any other cryptocurrency youre trading can fall and also bounce back, thats why you have to make sure youre following the trend.

Making use of stop loss is not really as easy as some think it is , I have seen a few people complain the same about missing out after their stop loss cancel our their order.

Well it's always better to miss out than to lose big. That's what this feature prevents. It gives you cushion to stay alive for another day. I've had experiences when the price of the coin shoots up after the value hit my sl level. It's part of trading. You won't be able to know anyways when the movement will go up. Always better to be safe than sorry.