Topic: 3% loss 10% profit -> sell - page 7. (Read 2053 times)
3% loss is small to cutloss,i set 7% for cutloss and i will set 30% profit-i will sell 50% and the rest 50% i will sell with 50-60% profit
It is impossible to answer this question unambiguously. It all depends on how accurately you will be able to choose the entry point. In General, the result is likely to be negative.
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 you set your Stop Loss at 3% every you Open Position can hit that SL, because crypto market so volatile. I suggest you to buyback evey the price has fallen until 20%.
The key to this strategy is do not All-in when entry market. Hope this help you.
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 ,
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.
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 ?
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