Do you think this is a good strategy ?

btc78

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Quote from: kynaz on March 31, 2020, 09:01:10 PM

Quote from: shushu9977 on March 29, 2020, 11:18:39 PM

Still it is good time for you, because the price of bitcoin 6000&. I am buying bitcoin many times such as the price of 18k, 13k, 10k, 8k, 5k but I think it is also a good time for buying and it is also good time for profitable.

Bitcoin price drops are an opportunity not to be missed because I believe this is the price that will guarantee you a lot of profits and of course you can absolutely choose to be a long-term investment. However, you need to analyze many times to decide because if the market trend is not good, you will face a lot of risks. Personally, I only use 20% of my assets to invest in this period and spend half of my assets to set the buying.

but the problem is how can people manage to Buy currencies now when they are struggling from being under quarantine?
most people now are in withdrawing stages and not accumulating
because they are prioritizing to have foods than cryptos.

we all knew that many Hodlers are small investors and at this point those are the most affected from this pandemic and they have no olther option but to Sell out to convert in Fiat.

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Quote from: shushu9977 on March 29, 2020, 11:18:39 PM

Still it is good time for you, because the price of bitcoin 6000&. I am buying bitcoin many times such as the price of 18k, 13k, 10k, 8k, 5k but I think it is also a good time for buying and it is also good time for profitable.

Bitcoin price drops are an opportunity not to be missed because I believe this is the price that will guarantee you a lot of profits and of course you can absolutely choose to be a long-term investment. However, you need to analyze many times to decide because if the market trend is not good, you will face a lot of risks. Personally, I only use 20% of my assets to invest in this period and spend half of my assets to set the buying.

CarnagexD

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Quote from: Clark05 on March 31, 2020, 09:32:01 AM

Every startegy they are seasonal maybe the startegy that you used this day will not work to another day or coming months.
Better to have more startegy with different startegy so we can choose what is better for us.

Base on what I saw to your startegy it is good and works strategy and possible to for you to earn money because of using that.

In trading there is no real concrete strategy still it depends on the user or the trader how do they trade their money and one of the good things is grabbing every opportunity make more earnings and one of the best time is right now because we can now make a lot of market income with the help of the bitcoin because it is immediately dropped for over 5k dollars and now it is becoming more stable in the range of 6k to 7k dollars and by just doing the basic trading earnings like buying low and sell high you can now make it more profitable right away but still it takes time to make more income because the halving is coming so there is a chance it will take for over a months before you get can your profit.

Clark05

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Every startegy they are seasonal maybe the startegy that you used this day will not work to another day or coming months.
Better to have more startegy with different startegy so we can choose what is better for us.

Base on what I saw to your startegy it is good and works strategy and possible to for you to earn money because of using that.

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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 a very good strategy for business. the worth will go up and a minimum of you'll not be harmed. you'll get an honest take advantage of within the limit Following this strategy the trade-offs are very low.

Btc_1856

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Quote from: AliceWood21 on March 30, 2020, 05:45:48 PM

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

Good strategy is investing in IlCoin at this early stage. I bet you won't regret it.

A trader with this strategy will always try to secure his funds by safeguarding using the option called Stop loss. It is one of the best strategies that we need to follow in order to eliminate the loose, of course, we might lose small transaction, but we will not lose a huge amount if the price of Bitcoin drops.

AliceWood21

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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

Good strategy is investing in IlCoin at this early stage. I bet you won't regret it.

BitcoinTurk

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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, the strategy you mentioned is definitely usable and logical. Generally, although we investors are accustomed to applying stop loss after purchases, we can actually use this feature during purchases. Especially during the busy times of the market, it is possible to operate comfortably with these features without having to wait at the screen. In addition, as I mentioned, it will be possible to obtain instant profit margin by purchasing transactions in cases where buyers are very strong. Although it seems to be useless in some cases, I think the strategy you mentioned is logical and available.

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Quote from: shushu9977 on March 29, 2020, 11:18:39 PM

Still it is good time for you, because the price of bitcoin 6000&. I am buying bitcoin many times such as the price of 18k, 13k, 10k, 8k, 5k but I think it is also a good time for buying and it is also good time for profitable.

Yes, it is a good time to buy bitcoin as we see now the bitcoin price is under $6,500-$6,000, so you can purchase bitcoin now before the price increase again. But be careful, although it is a good time to buy bitcoin, we don't know if the price will stay at that price or even increase because bitcoin price can also get down anytime. So we need to be careful and don't buy bitcoin at once and use all of the money. We need to split the money to buy bitcoin at various range prices, so we have more chances to sell bitcoin when the price increases.

shushu9977

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Still it is good time for you, because the price of bitcoin 6000&. I am buying bitcoin many times such as the price of 18k, 13k, 10k, 8k, 5k but I think it is also a good time for buying and it is also good time for profitable.

quality.crypto

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Quote from: Divinespark on March 28, 2020, 07:26:05 AM

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

You will lose a fee for each of your orders, so I think this is not a good form of trading because if you are in a bad situation like the current market, you will constantly cut losses. And your assets will quickly decline. It is best to learn how to view charts and trade scientifically

Of course, without losing fee it is impossible for us to make a profit in this market. Trading will always charge a fee, by placing an order they will not charge any fee until the order is executed. A trader will always place a stop loss in order to control looses.

CryptopreneurBrainboss

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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

I don't subscription to that strategy, assuming you were trading on an exchange that doesn't charge trading/withdraw fees than you would had have some advantage that's if you decide to neglect the few bucks you get charged for miners and service fees (used for sending the fiat to the platform where you'll buy the bitcoin).

The best strategy is just to buy, wait and sell when you see profit, in cases where you selling will be at lost, you just switch to hodling your coins and wait for greeners day ahead.

Divinespark

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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

You will lose a fee for each of your orders, so I think this is not a good form of trading because if you are in a bad situation like the current market, you will constantly cut losses. And your assets will quickly decline. It is best to learn how to view charts and trade scientifically

FanEagle

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If you put it at the same level as soon as you buy it, you may literally sell as soon as you buy it, which will cause you to never really wait. You should decide to put on something like 10%, losing 10% on bitcoin has never been a big thing, that happens all the time, and you can get in when it bottoms out after that and sell when it goes up.

For example, if you did 10% during the last drop, the price was around 7.5k last I remember, so at 10% loss that is around 6750 to sell, well it moved all the way under 5k but mainly stood around 5.5k levels for a while, if you bought at around 6k and kept it right now, you would basically recover everything and would be back on track with a profit. I know nobody wants to make a loss but when you do it this way you look fine.

Question123

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Your startegy that you use is good and effective to you and hoping for you to earn more money .

We have different technique that we use but we need to be careful too of what startegy we use because they have it that we don't applicable to us but for the others is effective so better to study your startegy and try it if it's effective if not make another and for that time you need to make a better to earn money for that time.

But they have times that what ever you use startegy it's not effective because of the dumping of the market.

TitanGEL

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Quote from: coin_1122 on March 26, 2020, 02:09:22 AM

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.

Setting up the stop loss is a good strategy because it can protect someones capital. Before I enter in a trade, I make sure first that I have good stop loss strategy in order to be prepared when the wave turned back to me. I trade with bias but not always that my bias is happening, we should always be prepared and it is by doing stop loss in order to lessen the risks and losses that we may incurred.

FanEagle

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That’s quite good you have nothing to lose at all, though you might be missing out on some opportunities if you keep doing that. Since stop-loss will end your trade when it hits the rate you have set, the price might quickly go up and you might feel the urge to buy when it’s already late, unless you will use the same strategy again.

This strategy cannot be used if you’re the type that starts up your trade and leave the computer, it will only be good if you’re going to be there and monitor the trade so you can set it back once it stops.

RapTarX

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You are going to pay a fee which will be your loss.
However, if you are trying to utilize stop loss, it's better if you select a range all the time. The range you selected will get you nothing but paying the fees over and over. I would rather use 10% loss or profit if I would be giving a try with stop loss.
The onlt strategy to make profit I have seen is DCA, it would be giving you less profit but the risk of losing is merely existed if you follow DCA properly.

Twentyonepaylots

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Quote from: fabiola! on March 26, 2020, 12:39:42 PM

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

I agree this is a good strategy if and only if the price will not move down after setting a range and don't be a silly dude this strategy works but if we do it all at once it becomes useless. Get off from your mind that cryptocurrency is a way to become rich, yes it is possible but in trading? I bet you haven't see the real trading is. Well, personally I don't set a stop loss, I mean I don't have a 3rd party application for that, it only comes to my mind that if I lost than what I expected then it is for me to stop and move on.

Ucy

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Well, if your orders keep getting filled at that price you may find it hard to focus on other important things. I guess that will even cost you more fees(depending on exchange). I think you are too careful not to lose anything

. You could just risk a little and aim for profit by selling at a reasonable "high".

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.

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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.

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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.

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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.

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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.

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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

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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.

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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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