Topic: 3% loss 10% profit -> sell - page 4. (Read 2061 times)
In my opinion that rasio is good, we take risk less than take profit. And this is good to use for day trading, and for swing trading should be use higher level of stop loss and take profit. This strategy possible to earn more than 30% amonth.
This strategy is good to use when crypto market on side away , but when bull market is better to use higher level stop loss and for the take profit is open, so by this way we will not miss higher potential profit because too early sell. And to lock the previous profit we can increase the stop limit price to higher price.
Yes, that is how a change of strategy comes into play at every particular point in time based on the market conditions. For instance in a bear market, you always want to keep a tight stop loss as much as possible, knowing the level at which a market can go down faster than you can imagine, but in any case at all, you always want to make sure that your reward ratio is higher than the risk. It is easier to trade an uptrend market since the market is moving up anyway and in that case, you basically want to be taking advantage of the trend to make your selling decision.It depends on the time chart one is using, 3% loss can be set when you are day trading with 15mins or 30mins chart, but with the 4hr or a day chart, 3% loss is very likely to occur and one will miss out of good chances.
I would say 3% loss for day trading on a particular trade could be a lot high because as far as day trading may be concerned, you are not really looking for a very huge profit on a single trade and you really want to keep your stop loss at a very minimal level based on the time frame you are using and the strategy you are using to get into the market and stopping loss at least below support level. Certainly for me, I used to consider 2:1 reward to risk ratio when day trading.
I really like the risk reward ratio in this trade. It would make the trader be profitable if he or she has 70% accurate calls in his trade. This is how it is
I think setting your stop orders at 3% and 10% respectively will mean you don't get very many sells in the bullish direction. The vast majority of market movement is down now, so I would recommend tightening these numbers to 2% loss and 4% gain respectively, and only play with strong guns otherwise you'll lose more than you win.
If I set a 3% loss on my initial investment as a stop loss and a 10% profit as a stop for selling, will that make me trade too often ?
Stop loss trading is quite risky because the volatility range of the crypt kept increasing for now so you have to take more range if you want to make money out of it but you can make long term trading too which will allows you to settle with high profits and low loss range. 
If I set a 3% loss on my initial investment as a stop loss and a 10% profit as a stop for selling, will that make me trade too often ?
You should be reversing that one because I am sure getting the 3% profits is far easier in the crypto currency world rather than getting 10% profits. Also you should be setting the counter to 10% loss because if you set it to the 3% then your all trades will close too fast and thus you will not be able to continue the trade anyway. Now you might say that trading loss with 10% is huge but dont forget that you will need to give that much window so that you can give your trade a specific time line within which it can start recovering itself and thus make the trade to go on continued basis. Just think twice and do set these parameter on your own.
More often even the 10% cut loss is an easy target hit by the wicks
this is very much observed in margin tradings
so basically if you want a safer with a cut loss stated above then use it in normal trading exchanges
Otherwise use a very low leverages so not to hit or rekt
If I set a 3% loss on my initial investment as a stop loss and a 10% profit as a stop for selling, will that make me trade too often ?
You should be reversing that one because I am sure getting the 3% profits is far easier in the crypto currency world rather than getting 10% profits. Also you should be setting the counter to 10% loss because if you set it to the 3% then your all trades will close too fast and thus you will not be able to continue the trade anyway. Now you might say that trading loss with 10% is huge but dont forget that you will need to give that much window so that you can give your trade a specific time line within which it can start recovering itself and thus make the trade to go on continued basis. Just think twice and do set these parameter on your own.
If I set a 3% loss on my initial investment as a stop loss and a 10% profit as a stop for selling, will that make me trade too often ?
In a crypto market 3% loss is quite common and if you can't wait then you most likely will spend more money on trading fees and can't make much profit. I don't recommend how much you need to set because it all depends on individuals how much risk they can take in this highly volatile market. I don't do an everyday trade so my targets are higher like 20% or more for the losses on particular coins. Some coins I will sell when I reach this target and some coins I will buy more when I reach this target.
It is simply because cryptocurrency is volatile and unstable. The market has also been so shakey this days and it is really hard to predict the prices. I think it is best to hodl no matter how high the losses you might have. You should just have more patience and wait for the market to recover
It depends on the time chart one is using, 3% loss can be set when you are day trading with 15mins or 30mins chart, but with the 4hr or a day chart, 3% loss is very likely to occur and one will miss out of good chances. I made such mistakes in trying to apply stop losses but have learnt from them. In 30mins chart, with 3% loss means a further downtrend, so I try to buy as it drops lower
This strategy is good to use when crypto market on side away , but when bull market is better to use higher level stop loss and for the take profit is open, so by this way we will not miss higher potential profit because too early sell. And to lock the previous profit we can increase the stop limit price to higher price. We can see last year in bull market many crypto was going up 10 times just in 1 month and more than 50 times just in 4 month, so by use stop limit function we can make bigger profit by more easy and less risk.
Yes, if you do like that, you often trade, but with income like that it is quite a lot if applied for daily income.
You have forgotten to point your monthly stop loss and the stop loss on all your capital. Every trader has his own the monthly stop loss and the stop loss on an capital. For example, the montrly stop loss can be 10-15% from all you capital in case if you use the 5% stop loss for any operation. It is evidently if you catch the monthly stop loss you suspend your trading in that month. Not to lose all your capital you would better to set the stop loss in % for all your capital, for example, 30-50%, and in case of catching that stop lose you should change your trading strategy or finish trading at all.
Anyway I hope you are a successful trader
Anyway I hope you are a successful trader
It all depends on what amount of investment you currently have. This risk-profit ratio is often used by day traders, so I think that in order to make good money you will need to make at least 2-3 deals a week.
We have different strategy to earn profit to avoid losing capital. It's your choice if you want to sell your coins even you lose some percent of your capital or you gain some profit. All decision will be yours because that is your money. Make sure you will be benefits on that.
If I set a 3% loss on my initial investment as a stop loss and a 10% profit as a stop for selling, will that make me trade too often ?
In a crypto market 3% loss is quite common and if you can't wait then you most likely will spend more money on trading fees and can't make much profit. I don't recommend how much you need to set because it all depends on individuals how much risk they can take in this highly volatile market.
I don't do an everyday trade so my targets are higher like 20% or more for the losses on particular coins. Some coins I will sell when I reach this target and some coins I will buy more when I reach this target.
It is simply because cryptocurrency is volatile and unstable. The market has also been so shakey this days and it is really hard to predict the prices. I think it is best to hodl no matter how high the losses you might have. You should just have more patience and wait for the market to recover
I know what you are thinking 
that you might achieve good profit of 7% on most trades but do keep in mind that the market might act against you.
Just think for once that if the price goes down by 5% and then increases by 10% within the same then you will not only loose 3% of your capital but you will also loose 5% of profit opportunity. I would suggest you to keep the stop loss by 5% or more and keep an eye on the prices every now and then in order to not miss an opportunity to make gains.
that you might achieve good profit of 7% on most trades but do keep in mind that the market might act against you. Just think for once that if the price goes down by 5% and then increases by 10% within the same then you will not only loose 3% of your capital but you will also loose 5% of profit opportunity. I would suggest you to keep the stop loss by 5% or more and keep an eye on the prices every now and then in order to not miss an opportunity to make gains.
This percentace i think only work in forex trading, and does not work in crypto trading because volatility of crypto too high, when the price down 3% the price can be going up afterward. By use Stop loss 10% and take profit 20% i think is better.
Yes, but sometimes people do not want to take advantage of what they should be able to get, but because many people are greedy and obsessed with being able to generate greater profits according to what they expect. If I set a 3% loss on my initial investment as a stop loss and a 10% profit as a stop for selling, will that make me trade too often ?
It is like casino, you can't know what exactly will happen with a token. It depends on different things as PR company of ICO or importance of their token and so on. 
This percentace i think only work in forex trading, and does not work in crypto trading because volatility of crypto too high, when the price down 3% the price can be going up afterward. By use Stop loss 10% and take profit 20% i think is better.
If I set a 3% loss on my initial investment as a stop loss and a 10% profit as a stop for selling, will that make me trade too often ?
I think you should not continue to trade at this point, you can see that bitcoin is constantly changing and difficult to predict, so to be successful is very difficult market, the market is In long-term downtrend, you should only short-term investment to reduce risk. You should wait for the market to stabilize to be able to start trading again, then the risk will be much lower.Hmmm even the market are in red blooded situation theres an altcoin pump up and you can earn a profit but be careful for your move set a 3 to 5% profit and be greedy make your self a positive thinking because anytime the market can be up or down.
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