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Topic: Do you think this is a good strategy ? - page 4. (Read 477 times)

legendary
Activity: 2660
Merit: 1261
March 23, 2020, 01:45:30 PM
#4
$ 5,200 was an example.

If I buy BTC at $6500 and I immediately place a stop limit of $6500 does it work or is it impossible?
Your stop-loss will active immediately with a few mins.

Should make a different percentage the price you are buying and the percentage you can afford to lose, if you set the price $6500 went the bitcoin price still at $6500 at the same time your stop loss will activity because of the volatility of bitcoin and just wasting your fee-trade. If you want to set up the price with the same price buying them, you should be waiting until the price up with around 5-10%. Example buying bitcoin $6500, wait until the price reaches $6800 to avoid your stop lose active immediately.
member
Activity: 75
Merit: 21
March 23, 2020, 01:39:27 PM
#3
You are very lucky today, now the price of Bitcoin is $ 6500, whereas you are buying the price of $ 5200, so now if you sell it already has a profit of $ 1300 enough for you to buy something useful.

The strategy you are doing is right.

Thank YOSHIE

$ 5,200 was an example.

If I buy BTC at $6500 and I immediately place a stop limit of $6500 does it work or is it impossible?
legendary
Activity: 2128
Merit: 1775
March 23, 2020, 12:46:20 PM
#2

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
You are very lucky today, now the price of Bitcoin is $ 6500, whereas you are buying the price of $ 5200, so now if you sell it already has a profit of $ 1300 enough for you to buy something useful.

The strategy you are doing is right.
member
Activity: 75
Merit: 21
March 23, 2020, 12:23:15 PM
#1
Hi all  Smiley

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
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