Re: About to make my first simple altcoin trade. I need to set up a Stop-Loss?
Hi All,
I'm a semi-newbie. I've got some various altcoins and I want to make my first trade on Poloniex. I've got a Poloniex account.
My trade is very simple. I want to deposit some of my altcoin aaa into Poloniex and trade it for altcoin bbb. Then I plan to transfer bbb to another site where I can convert bbb into fiat. Pretty simple.
Do I need to set up a Stop-Loss for this trade on Poloniex?
Thanks,
PS: My iron-clad rule is to absolutely minimize the time that I'm not controlling the private keys to my altcoins. So I never keep my altcoins on exchanges longer than needed.
I'm a semi-newbie. I've got some various altcoins and I want to make my first trade on Poloniex. I've got a Poloniex account.
My trade is very simple. I want to deposit some of my altcoin aaa into Poloniex and trade it for altcoin bbb. Then I plan to transfer bbb to another site where I can convert bbb into fiat. Pretty simple.
Do I need to set up a Stop-Loss for this trade on Poloniex?
Thanks,
PS: My iron-clad rule is to absolutely minimize the time that I'm not controlling the private keys to my altcoins. So I never keep my altcoins on exchanges longer than needed.
I keep all my btc and alts in bittrex, is it really that dangerous?
They'll charge me for moving my currency from wallet to exchange and so-forth? I don't know if it's worth it...
What would you recommend? It's a small ammount but it's what I can afford