Topic: Using a stop loss to prevent losses (Read 96 times)
If you're talking about bitcoin against the dollar, then this is worth the go. But if your talking about trading alt chains vs. the Satoshi values, it won't be. A mental stop loss would be better in that case. Specially coins with low volume/market cap since market could still be manipulated.
Could i protect my money completely by using stop losses.
ie, if I bought $10,000 worth of ABC at $1 each, could I then put a stop loss at $0.99 (or whatever the lowest loss is) and keep adjusting it upwards as the price of ABC increased?
thanks
ie, if I bought $10,000 worth of ABC at $1 each, could I then put a stop loss at $0.99 (or whatever the lowest loss is) and keep adjusting it upwards as the price of ABC increased?
thanks
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