Post
Topic
Board Speculation
Re: Whats your crash-comming-panic-sell number?
by
Sage
on 19/11/2013, 00:30:26 UTC
You're asking the wrong question.

Watch for a momentum increase (as in now)...

Then place your stop-loss well below the trend line.

Let the market take you out when it breaks the trend line.

BTW I suspect China will surprise us all, pushing this market farther then anyone expects... but don't play that gamble.  Now is the time to put stops in.  But keep them well below the trend line.  You don't want to get stopped out too soon.



Is there an exchange with a stop-loss feature or are you using a bot? Would LOVE to use a stop loss so I can stop checking price every 5 minutes.

Bitfinex has this feature. You can put a running stop in.  Place out of range of the price so that your running stop stays below the trend line.