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?
We can see that this is a new market and there are a lot of risks, so that we can trade without loss is absolutely impossible. We can only minimize the risk of crashes by analyzing and planning from the beginning. Depending on the financial and judgment of each person to set a reasonable stop loss level. I usually leave at 5-10%.