1 month newcoiner here who made 5x gains on initial investment.

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Algorithm trade bots know how to fingerfuck the shit out of stoploss users but enjoy your constantly breaking even scheme i guess

>>2486082
Which exchange are you using? I see Polo has it, just started thinking about switching to it from Bittrex because of this.

Bittrex also has it. Just put the order to conditional and read the info...

>>2486602
Thanks, I'll check it. Also I admit I'm retarded.

what is stop loss and what situations is it useful

>>2486647
>what is stop loss
it stops your losses

>and what situations is it useful
when you want to stop your losses

wait so that is what stop loss does? stops loss?

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>>2487289
I'm still confused.
Will this stop the losses?

>>2487314
its sells your shit when it goes below an amount you set

>>2487314
it enables you to buy high sell low

>>2487340
so say, you buy a coin at $5 and u want to sell it at $10 but it never quite reaches 10 but plummets down to below $5 and u set the stop loss at $5 itll sell and you dont lose anything?

Stop loss is a good way to lose money. If you think your investment is going to go down then sell.

>oh shit a dip
>good thing my stop loss triggered
>price bounces back to what it was at

Really mitigating risk there.

>>2486082
It's like an automatic panic sell. It sucks. Every time I used it I ended up losing money.

iEx.ec (RLC)

some guy told me this coin will moon in an hour, how do i buy it?,

>>2487289
>>2487314
Its just a sell order with a condition ie. if the price dips down to x it'll put in a sell order for you.

Stop Loss is for suckers with weak hands only.

>>2487393
you don't, that's the only way to stop a loss

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>set stop loss to stop losing at $0 dollars lost
>never lose any money
>auto filters all bad investments
>only wins remain

>>2487700
shit Chris you're a fucking genius

Two week trader here. I'm down about 40%

Thanks may 3rd all time highs for everything shitcoin.

>>2487862
I know. I can't believe no one ever thought of this before. So much for these so-called "risk management" graduates.