set 3% loss and 10% profit still reasonable for me because we still can save our initial investment if face up downtrend but to get the profit i think it depend on the market situations that if still possible to get profit more than 10% then that's more good rather than cut your profit
I am happy for you. Not only on this that you have earned ten percent profit but mainly for the reason that are you happy with your results. Mostly people when encounter loss, they start cursing everything except themselves to be responsible for their loss. But the reality is, whatever happens to us, this comes with our own performance and actions. So don’t just lose heart. 
Topic: 3% loss 10% profit -> sell - page 5. (Read 2053 times)
It doesnt happen very often, trading has no permanent pattern. It has a lot of price action that can happen. Everything is in the hands of all holders.
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 ?
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. 
Placing stop loss at your trade is not good. This is because crypto market is very volatile. There are times that crypto price dump or pump up to 20 % in a day. instead of using stop losses. Try to always monitor your open trades.
If he's so afraid let him. It's actually normal to set stop loses right above your entry point, to cover all the fees. If you put it exactly at your entry point you will be losing money every time and stop loss is there to prevent you from doing that, right?
IMO its best to either day trade, without leaving any open trades for the night, or go in for the long run, with confidence that it will eventually go up.
set 3% loss and 10% profit still reasonable for me because we still can save our initial investment if face up downtrend but to get the profit i think it depend on the market situations that if still possible to get profit more than 10% then that's more good rather than cut your profit
I do not understand why to use 10% take profit. I consider it need not to do anything while you are in a trend and this trend is increasing your profit. I absolutely agree with 3% stop loss.
What about trading, I consider that it is much better to be an investor instead of trader. Well, investor buys assets on low prices it is a key to success.
What about trading, I consider that it is much better to be an investor instead of trader. Well, investor buys assets on low prices it is a key to success.
3% loss is NOTHING, you will get almost all your orders closed for stop loss because that is a lot.
10% Profit is HUGE, you must set it at not more than 2 - 3 percent per trade, because it is too much
10% Profit is HUGE, you must set it at not more than 2 - 3 percent per trade, because it is too much
the cryptocurrency market is very fluctuating, and can not be with stop loss 3% and 10% profit. But I admitted that such a way is very powerful for trading every day.
and have a nice day for your tricks to sell like that, keep the spirit!
Crypto market is full of profit for all traders and investors, as if you buy at this time and hold your coin, for long term will gradually increase your earning strategy, if you buy at 10k dollar right now and then sell at 30k dollar so it will be 3X profit, I am sure profit will be higher than lose, but here I suggest you to trade for long term than day trading as every day trading for me is not advisable for high profit. and have a nice day for your tricks to sell like that, keep the spirit!
the cryptocurrency market is very fluctuating, and can not be with stop loss 3% and 10% profit. But I admitted that such a way is very powerful for trading every day.
and have a nice day for your tricks to sell like that, keep the spirit!
and have a nice day for your tricks to sell like that, keep the spirit!
Cryptocurrency market is highly volatile , If you look at the charts 3% loss can occur anytime , and after 3% loss the project can rise upto 100% , imagine you purchase a coin at 1 dollar , stop loss is 97 cent , if project goes 3℅ down , your order gets executed at that moment and after couple of minutes if the same goes 2$ your total loss will be 1.03 , you are in loss , no matter project is performing or not ,
There are so many other factors which you need to take care of at time of selling or buying of any of your coin and that you need to make this decision after having enough of the thinking over it and that there is no point of making any kind of hasty decision. You need to be sure that you are using the knowledge which you have in the best possible manner and that you are not going to regret over the decision which you have made.
If you would like to get some instructions and recommendations I think it is not possible because trading needs an individual approach. As for me, the figures look not too large but it is up to you to decide
Placing stop loss at your trade is not good. This is because crypto market is very volatile. There are times that crypto price dump or pump up to 20 % in a day. instead of using stop losses. Try to always monitor your open trades.
Set our stop loss in trading sometimes will be good but sometimes it will not. It's good if your trade got executed beforw it falling more, and it's not once your trade got executed but it bounce back higher than your buying price. For me, i don't set my stop loss on 3%, it's still too early, i'd set it around 10-15%
3% stoploss is too small, it's a small compare to correction wave, it will reach your stoploss point. Then you will lose the opportunity to profit. In my opinion, there are two principles with stoploss and take profit:
1.Stoploss minimum at 10% when the market goes downtrend, or there are hint of decline.
2. Never take profit when coin is rising, Determining the peak is more difficult than bottoming. Only sell when the market shows signs of decline, the volume 24h peak and the coin starts falling 10% from the peak
1.Stoploss minimum at 10% when the market goes downtrend, or there are hint of decline.
2. Never take profit when coin is rising, Determining the peak is more difficult than bottoming. Only sell when the market shows signs of decline, the volume 24h peak and the coin starts falling 10% from the peak
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 may consider adjusting your stop loss at 5%. 3% stop loss is too much small since the cost of your initial investment includes the charges roughly 1% cost of the overall investment. But in fairness 10% for profit is good enough setting. If you are good enough to choose your trade you will definitely has big chance of success.
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 may consider adjusting your stop loss at 5%. 3% stop loss is too much small since the cost of your initial investment includes the charges roughly 1% cost of the overall investment. But in fairness 10% for profit is good enough setting. If you are good enough to choose your trade you will definitely has big chance of success.
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 ?
Risk management requires dedication and mental awareness, because professional traders always choice the opportunity before it get reliased to mass. Losing on small percentage of investment doesn't hurt the trading strategy. Grabing every opportunity before it get exposed requires trading skills. Risking whole balance on trading is kind a like gambling rather than investment strategy.
It will work in some points but you needed to be well understand the project/coin that you will going to invest with, if how the coin will move and what are those updates that will bring the project to rise, I'm sure it will take you a lots of research before you will be able to master this strategy, as it is needed a lots of time and lots of coins to review well, your loss and profits seems to be easy to achieve especially when the market is in a healthy movements, when green are keeps on showing the target goal is easy to achieved so be very careful and review first before dealing with this strategy.
Try your strategy on historical data. Take a chart with eg coinmarketcap.com, and simulate transactions with commissions. If on some coin, your strategy will work, try it with a small amount.
It depends on the coin you're looking at and its volatility. If it's a coin you're willing to lose some money on because you believe in it long term, it is worthwhile to put a stop loss at 15-20%. You should cash in on your profits at 30%+ up for this situation.
Placing stop loss at your trade is not good. This is because crypto market is very volatile. There are times that crypto price dump or pump up to 20 % in a day. instead of using stop losses. Try to always monitor your open trades.
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