Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[microunit]

Many people still don't know how a stop loss can save their money, Many people just thought that stop losses are just cutting them of their chances that their positions can still recover but most of the time it doesn't, using a stop loss properly could've save a percentage of their money back from the loss

 

[CyberPreNurse]

Ever since I got to understand the importance of the stop loss feature, I have always been using it any time I want to go into a trade and it has been helpful as I do not get to lose high percentage of my capital when prices begin to drop.

 

[microunit]

True , though many still don't use it as many don't know how to properly use it or people thinks that it can stop you from recovering if their is a recovery as sometimes there are but most of the time this is just wishful thinking

 

[Ofonime]

Stoploss is one of the best tools which anyone can trade with,its save our trade when a trade is against the direction we predict so for this aspect its important to enable stoploss and start your trade with it you can also consider take profit as well for that case they are all important

 

[BullyMaguire]

I never used this feature because of that thinking.. i need to recover what i've lost.. well im patient enough to wait anyway

 

[Ranamal]

It is very helpful if we are made an wrong step, and helps alot to save us in the bad time, but we have to make sure we have to done it in correct time, to stop the loss

 

[OrphanHB]

Nice idea they are many people need to save our money in feature

 

[a_jerobon]

I have been reading alot about forex trading and I know that this stop loss feature is really important. It can save you from loosing alot. But I also understand that you should be using a laptop or computer and not a phone to trade so that you can access that feature in most brokers.

 

[rachelblair]

Stop Loss is beneficial in a situation when market is bearish. As per the limit you have decided, your cryptocurrency or Stocks will be automatically put on sell by the trading platform.
It is helpful for traders who get emotionally involved with their asset and due to high hopes cling on to the cryptocurrency even during trends that leads to excessive lossess.

Also, you don't have to look at your account everyday and monitor your cryptocurrency as the exchange will sell your stock will a potentially unprofitable situation is reached.

But, for people who are experienced and can make profit in short run, stop loss on some occasions can reduce growth of their profits.

 

[kaycee001]

Stop loss feature is very good too to trade it which am still learning how to use as a newbie. Though i have not started making much in trading but i know it can save me from making huge loss by the time i start earning much from my trading.

 

[rachelblair]

Stop loss feature is very good too to trade it which am still learning how to use as a newbie. Though i have not started making much in trading but i know it can save me from making huge loss by the time i start earning much from my trading.

Yes, absolutely true. It is quintessential tool for any beginner. Hope you enjoy the journey of becoming a crypto trader.

 

[Josemendez]

Many people still don't know how a stop loss can save their money, Many people just thought that stop losses are just cutting them of their chances that their positions can still recover but most of the time it doesn't, using a stop loss properly could've save a percentage of their money back from the loss

Well there are people who believe in long time holdl and for such people holdl for long for coins with good use cases. They will surely rise back

 

[Hashay]

Stop loss just got easier on binance, you just simply pair your market investment, put on the stop loss, and the price would never go below the price you invested even in a bear period.

 

[Bousine00]

Many people still don't know how a stop loss can save their money, Many people just thought that stop losses are just cutting them of their chances that their positions can still recover but most of the time it doesn't, using a stop loss properly could've save a percentage of their money back from the loss

Stop loss can only work when you know how to use it properly. If you don't know how to use it, there is a high possibility of you blowing your account.

 

[Hashay]

Stop loss can only work when you know how to use it properly. If you don't know how to use it, there is a high possibility of you blowing your account.

Stop loss feature can be difficult to understand especially if you are a newbie you can just try swapping your coin to a stable coin which does not fall or rise like other volatile coins

 

[Hashay]

I also make use of the stop loss feature but I am not quite good at crypto trading yet as I just got to know if it but I know that when I fear I'm at a loss I can quickly swap to stable coins.

 

[microunit]

Stop loss can only work when you know how to use it properly. If you don't know how to use it, there is a high possibility of you blowing your account.

Yep exactly, that's why many people who don't know how to use it came to hate it and they never again use it , they never even learn how to properly use it

 

[Skysaint]

stop loss is indeed useful for limiting our losses, we can set our maximum loss that we can accept, then we just enter the number, then when that value is reached our transaction will automatically be closed

Wow, this seems really interesting tho. Lol, to be honest I have neither used nor even heard about stop loss before. This my very first time of learning about this, does it only apply to online business? Or is it both online and offline?

 

[ashim kate]

Whenever you were going into a trade there is a particular tendency that's your plan is going to fail no matter how sure you think the set up is. This is why a stop loss is always important because it is going to cut down your losses to the barest minimum.

 

[Brain]

Many people still don't know how a stop loss can save their money, Many people just thought that stop losses are just cutting them of their chances that their positions can still recover but most of the time it doesn't, using a stop loss properly could've save a percentage of their money back from the loss

Ever since I got to understand the importance of the stop loss feature, I think people needs to always use it any time they want to go into a trade and it has been helpful as one do not get to stop losses. People needs to stop being impatient or greedy with investment to make the best off it