...don't take this as financial advice and always trade with stop orders already placed in the platform
\can you explain exactly what you mean by stop orders already in the platform?
frustrating i know... I just went all in after bitcoin-24...
we'll see what happens.
I will use nice round numbers for the ease of things
say that you have 100 capital and bought 2 BTC @ 50. the price goes to 80. You put an order to sell your bitcoins (both of them or a part of them)
@ 50 in case price pulls back(you gave all the profit back but you are at your money) or
@60 so you "lock" some profit or
@70 if you are more greedy , with a higher probability for price to come back and take you out with a profit before it resumes its upward move to 4500
you can also combine the above
i.e
sell
0.5 BTC @70
0.5 @60
0,5 @55
0,5 @50
Now this is trading and not investing in bitcoins
You can have a capital in your personal wallet for investing in the long run -and that is the best thing in my opinion
and a smaller one in .....the platform(ouch!)