Do you think this is a good strategy ? - page 2.

cryptothreads

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Quote from: Subbir on March 25, 2020, 09:09:11 AM

I think this is often an honest strategy because you'll not be harmed in any way albeit the worth rises, you'll not be hurt and fall due to your Bitcoin stop loss within a specified range If the worth goes up you'll benefit if the market goes up and you'll make tons of cash. it is a good strategy for doing business.

I don't think this strategy will succeed because it will not help you much in making a profit and this is just a trading way to secure your assets. Of course, I have tried many and certainly this is the only way for investors who are afraid of risk.

In my opinion, before buying, you should be more confident and carefully analyze that coin before deciding because the crypto market is often very volatile.

fabiola!

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first it is not possible , if this strategy works then everyone would be rich

even though if you put sl little less then due to volatility chances of sl hit are more , in trading to earn something you have to risk something

mersal

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Without risks there is no profits,if you are willing to set the stop loss for the price you bought at then you will be paying nothing but you could end up paying trading fee every time.Lets say 1% fee for a trade and the same stopp loss you put for 10 trades then you probably lost 10% of the capital.So it is same as the level you put stop loss for $5000 when you bought cryptos at $5500.This is not really a bad strategy but this is not profitable one.

coin_1122

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Quote from: Kasabus on March 25, 2020, 07:07:11 AM

Quote from: cassavachips on March 24, 2020, 11:17:57 PM

Usually, people using stop loss are at a lower price than the purchase, if it is put at the same price as the purchase, it will be easier to sell and will waste a lot of trading costs. Should consider stop loss to be important.

Setting stop loss will ensure that you are not losing as long as the price starts to increase. Your idea is already good enough and if you keep on doing this, you will really make profits. But i suggest to hold your coins a longer time because there are high chances that you will gain more once you see the market keeps on pumping.

Setting up a stop loss is one of the best options for a trader not to lose higher amounts. Holding will also give a good amount of returns if you manage to choose the coin wisely. You are right, once the market starts recovering we might see the prices of altcoins will recover very quickly and this will ensure the growth of your holdings.

Kurokonobasuke

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Quote from: Sun2k on March 23, 2020, 12:23:15 PM

Hi all

Do you think this is a good strategy:

I buy bitcoin by putting a stop limit at the same purchase price to lose nothing

Example: I buy 1 BTC at $ 5200 and simultaneously place a stop limit (loss) at $ 5200, if the price goes up then it's good for me but if it goes down then I would lose nothing

Thank you

Yes, were both using that kind of strategy. I do a daily checking of the trading chart to monitor if has any changes on the price and if the times where the coins are in low price, it is a time to buy crypto currencies. Buying crypto currencies at a low price is a basic strategy, but we don't know that the moment we bought is not really the same amount but it go down again so that we have no choice to recover because it's a lose if we do that, the only way is to wait until the price are go up and when the rate is high it is the time that we get.

Salamstar

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I think this is good for protecting your balance from loss, but perhaps this stop loss is re-edited and upward so it is best to bear a little loss when setting the stop loss point at -2%, for example, until you exclude the subject of the loss a little.

Reid

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Do not be confused too much here.
Why don't you try it and let us see if you won't really lose anything.

Of course you will.
You know there is a trading fee right?
Also you cannot just leave it right there. Although you are just losing by fees here how could you win if you will just leave it?
It needs monitoring too if you want profit. This is just a safety pin.

Subbir

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I think this is often an honest strategy because you'll not be harmed in any way albeit the worth rises, you'll not be hurt and fall due to your Bitcoin stop loss within a specified range If the worth goes up you'll benefit if the market goes up and you'll make tons of cash. it is a good strategy for doing business.

Farma

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that's a good strategy. I honestly don't think about it. however, if you can make good use of that strategy, you might be able to develop greater profits. it's just, I'm not really sure because I never use bots or simulations like that. I just have a question, how do you know that after the $ 5200 price there will be an increase or decrease? there could be a decline right, and no one buys the bitcoin that you keep on the market.

GreatArkansas

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Quote from: Yatsan on March 24, 2020, 07:14:17 AM

It's a good strategy, no risk at all. But, the problem there is you should always be online since your stop loss is very close to your buying point.
(...)

That's exactly the point. No risk at all but have a good target.
And also the problem here is the fee in the exchange.

And another come into my mind is;
What if after he bought and the price went down? What will happen? If he/she will put a stop loss on the price where he/she bought then it could be like a market sell and definitely a loss on the trade depends on the price where the sell order triggered.

Kasabus

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Quote from: cassavachips on March 24, 2020, 11:17:57 PM

Usually, people using stop loss are at a lower price than the purchase, if it is put at the same price as the purchase, it will be easier to sell and will waste a lot of trading costs. Should consider stop loss to be important.

Setting stop loss will ensure that you are not losing as long as the price starts to increase. Your idea is already good enough and if you keep on doing this, you will really make profits. But i suggest to hold your coins a longer time because there are high chances that you will gain more once you see the market keeps on pumping.

cassavachips

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Usually, people using stop loss are at a lower price than the purchase, if it is put at the same price as the purchase, it will be easier to sell and will waste a lot of trading costs. Should consider stop loss to be important.

Polar91

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Quote from: Sun2k on March 23, 2020, 12:23:15 PM

Hi all

Do you think this is a good strategy:

I buy bitcoin by putting a stop limit at the same purchase price to lose nothing

Example: I buy 1 BTC at $ 5200 and simultaneously place a stop limit (loss) at $ 5200, if the price goes up then it's good for me but if it goes down then I would lose nothing

Thank you

That's a good practice as a trader and I can say that what you're doing is right. Just one concern, stop limit and stop loss are different from one another. According to investopedia (2019), stop-limit orders are similar to stop-loss orders, but as their name states, there is a limit on the price at which they will execute. Mostly stop-limit are only available in crypto trading platform. I've tried stop loss only from stock trading platform and it's a better option for me to protect your tradea while you don't have the time to watch the market 24/7.

Source: https://www.investopedia.com/articles/active-trading/091813/which-order-use-stoploss-or-stoplimit-orders.asp

Ridwan Fauzi

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You won't be traded if there is some exchange which can allowed you to do that. There will be a minimum for stop lose at least you will lose $100 if you spend $5200 to trade.

And I just thinking if this kind can be run by all trader then there will not be a trade for suffered lose. Most of them will be profited, because they just need to set stop lose according to their capital.

If you are afraid to lose then this place is not for you, you may need to look for another place. Seem like gold is suitable for you, at least you won't be lose so much when the gold price down.

BuNga_cute

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It's good to use a stop limit equal to the price when we buy coins. But you play too safe in my opinion, take a little risk will be better.
Using a stop limit of 10% below the purchase price is better in my opinion. Because sometimes before the coins will pump, they will
down for correction. And if you use the stop limit strategy equal to the purchase price it is likely to lose the moment of making a profit.

rexxarofmoknathal

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Quote from: Sun2k on March 23, 2020, 12:23:15 PM

Hi all

Do you think this is a good strategy:

I buy bitcoin by putting a stop limit at the same purchase price to lose nothing

Example: I buy 1 BTC at $ 5200 and simultaneously place a stop limit (loss) at $ 5200, if the price goes up then it's good for me but if it goes down then I would lose nothing

Thank you

Theoretically speaking you'd think that would be a great strategy but the truth of the matter is that the market volatility makes this 'strategy' completely impractical. I have tried it before thinking it should be fine but this is not trading at all and sometimes within minutes you find that the market dropped below your stop limit and now you're out of the game completely. Some people avoid this issue by going 5% on either side but then even that can be tricky!

btcholder

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If i'm not wrong you are talking abut stop-loss strategy. Well you are right about it. It's created because many people stay offline for long time and if that time coin starting go down then it'll be bad effect on your capital so it's a good strategy for not get loss when you are busy on offline. I use when i think i'm going to offline for long time and it's saved my asset from get loss couple of times though. It's a great strategy for long term trader/holder too.

ScamViruS

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Quote from: Sun2k on March 23, 2020, 12:23:15 PM

Hi all

Do you think this is a good strategy:
I buy bitcoin by putting a stop limit at the same purchase price to lose nothing
Example: I buy 1 BTC at $ 5200 and simultaneously place a stop limit (loss) at $ 5200, if the price goes up then it's good for me but if it goes down then I would lose nothing

Thank you

This is not a good strategy. Because the Bitcoin market is very volatile. So your stoploss is likely to get hit shortly. With this strategy you will be able to profit when prices rise. And for that you have to look at the market all the time. Because your the stoploss may hit and move up the market. So always keep an eye on.

TrevorS

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Quote from: Sun2k on March 23, 2020, 12:23:15 PM

Do you think this is a good strategy:

The strategy for using stop loss is quite adequate, however, you did not take into account the fact that the exchange will charge you for the executed order,
which means that in order to break even you will need to put stop loss above the purchase level if the price shows an increase, if not - then you will be in a small minus.

sujonali1819

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It will be effective when you create a order at atleast 2-3% down from current price. So that means if you buy at $5200 then make an order at 5000-5100$. Otherwise the order will be filled very soon. Because market always up down around 1-2% of current price. And you will lose the fees instead of any profit.

I have created a guidelines how to use stop loss buy/sell. You can read this to know better.
Link: [GUIDE] How to place stop loss sell order.

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