Indeed, only putting small percentages of your total balance in a trade is one of the best ways to manage your risk. I am doing same as well. Only difference is that I do not use stop loss. If a coin starts dropping significantly below my entry point I just purchase more coins.
If I buy 1 coin at level x and coins drops than I purchase 2 coins at level x-1. If It keeps dropping I purchase 4 coins at a lower level. In this way I am decreasing my profit level and already make profit on the highest coins even when they stay below that entry point.
How small of trades are you making? Is it like $100 each trade or $20? You much a bunch of small trades?
Will you use your whole balance to set a bunch of trades and wait for them to clear the higher limits, or do you set aside a certain percentage of your total balance for just sitting there safely?
I ask because right now all of my trades are just sitting there hanging, waiting for the price to go back up until it hits the sell limits that I set. Right now, I am just waiting. I think that it would be better having some of my account balance on reserve.
It is a slow market so what do you expect. It might really take a while before your orders will be sold.
I have different kind of tactics and mostly I buy new tokens and sell them in just a while. Most of them are being pumped right after listing and a lot are selling for almost a freebie just so they could get away fast.
Risky but the profits could skyrocket.
Never use the whole balance in just one token. You will just lose at those kind of tactics. Before it might work but not now in this dump market. If you still have the patience then you can wait for maybe a couple of days. Rush trading never works by now. Maybe if you have a large capital then it might work though.