If you want to lock in profits or limit losses while trading cryptocurrencies, using a stop-loss order is one of the most reliable ways to protect your capital. Crypto markets move fast, and even experienced traders can make emotional decisions - fear, panic, or greed can quickly turn a winning position into a losing one. A stop-loss helps you avoid that by automatically selling your asset at a predefined price if the market turns against you.
This type of automated risk control is especially valuable for traders who don’t want to watch charts 24/7. On Change, you can manage your crypto portfolio easily from your mobile app and rely on automated tools to keep your strategy on track, even when you’re asleep or offline. If the market suddenly drops while you’re holding a position, the stop-loss order can reduce losses and help preserve your capital. Keep in mind that in extreme volatility, the final execution may occur at the next available price - which can be lower than your set trigger. Many traders also use trailing stop-loss orders, which adjust automatically as the market moves in their favor.
Locking in profits without the stress
Knowing when to sell a profitable investment can be just as challenging as deciding when to cut a loss. Many beginners hold for too long because greed kicks in . they hope for “just a little more” and often watch their profits disappear during a sudden correction.
One practical strategy is to set a stop-order that automatically sells a portion—such as half—of your position once it doubles in value. This locks in guaranteed profit, reduces emotional decision-making, and frees up your original capital to explore new opportunities directly in the Change app while still keeping a piece of your original investment working for you.
Reducing risk with smarter decisions
A stop-loss order should be an essential part of your risk-management strategy, especially in such a volatile environment as the crypto market. For example, if you bought Bitcoin at €77 500 (since 1 BTC is currently around €77 500), you might set a stop-loss at €75 000. That way, if Bitcoin dips to that level while you’re away, you avoid larger losses.
Of course, since Bitcoin may rebound after a dip, you might miss some upside—but that’s the trade-off when managing risk rather than chasing maximum gain. On Change, you have the tools to set up these kinds of orders and monitor your positions without needing expert-level manual oversight.
Finding the right stop-loss level
Choosing the right stop-loss price takes experience and market insight. Instead of picking a random number, many investors study support levels—prices where buyers consistently step in. Placing your stop-loss just below one of these levels helps you stay in the trade while avoiding premature exits. Still, no strategy is perfect, and even strong support can break during extreme market moves.
Stop-loss orders are most effective when part of a broader, well-thought-out strategy: analysing trends, understanding your risk tolerance, and diversifying your portfolio. With the tools available on Change, you can manage this all in one place, making your trading experience simpler, clearer, and more controlled.
Whether you’re aiming to safeguard profits or build a more disciplined trading plan, stop-loss orders are an essential tool for long-term success in crypto. And with Change, it’s easier than ever to put these strategies into practice.
