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 know that stop loss is a very important thing, it helps you control your capital and can be active in managing capital. It is very difficult for us to trade with a 100% win rate, so it is very important to minimize the risk and be able to secure the funds without loss. too much. You should analyze it carefully and plan ahead.