Quote from: Getcoinsite on August 21, 2018, 02:45:51 AM

Quote from: darkywis on December 26, 2017, 03:25:08 PM

Quote from: P2Pfinder on December 26, 2017, 09:45:51 AM

You must use Stop loss for each trade.

Quote from: ricseb on December 26, 2017, 09:35:40 AM

Hey everyone. Do any of you professional traders out there have advice on the best situations to use stop-loss in a trade? It would be much appreciated.

ricseb

Indeed, I put a stop loss of 10%-20% on every trade I encountered because when bitcoin pumps hard all the altcoins will surely dump and takes time to recover or or even not. Its better to put some stop loss than to wait forever to pump back the coin you bought.

This is the most used strategy on all crypto traders and as the time i speak still being putted by more than half of crypto traders uses this but the percentage has been adjusted because of the badness of market movements most of us lower the profit target to atleast 5% and this amount is the best option nowadays or else losses will be in your front..like yesterday when i bought policypal token at .0051$ and gained 5% in the first hour after i withdrawn drops 8% if i waits for more than 5% i am another loser now so think first before you decide on what percentage to put

Sometimes short trades with specific stoploss do really need luck and intuition and I cant really deny to this thing since I do make shortings too which it isn't really too easy and not suitable on most traders.If you are emotional and doesn't have much idea on how to set things up then this wont really be for you. Stoploss of 5% and take profit is considerable.