Hello,
is there a stock exchange with dynamic stop loss?
E.g. Bitcoin is now about 10.000 . If you set market limit to let's say 11.000 you gain 1.000 . But Bitcoin might go higher, like 12.000 so you would miss out.
I would like the stop loss limit going higher with the price and stay say 5% below. So, for 10.000 it automatically adjusts to 9.500 . If the price drops below 9.500 than sell. If the price goes up, hold and adjust. At 12.000 the limit adjusts to 11.400 .
Is this possible with some kind of dynamic limits or is this rather a trading bot material?
I think this is a very potential market, it can bring you huge profits if the trade is good. But you also know that high profit is also associated with the higher risk, to minimize losses, damage when trading tbitcoin I usually put the Stop Loss level in the range of 5% -10%, because the price of bitcoin Very high so I just leave the percentage as low. If too high, the losses will be huge.