Post
Topic
Board Trading Discussion
Re: 2% trading strategy, can this be applied for crypto trading?
by
hase0278
on 25/09/2018, 13:01:29 UTC
The 2% rule is pointless for long term crypto traders and HODLers.The bitcoin price always moves up and down with +/-5% every day.What if a trader just buys some bitcoins and activates auto stop loss order at 2%?
The 2% rule here just pertains to limiting the maximum lost one can get when trading a pair. It is done by investing only 2% of the capital of the trader but all in all, it is not that different to normal trading thus, it is not pointless for long term crypto traders and holders. In fact, it might be beneficial since they can pick many altcoins that have potential to grow in the future(which means more potential profit).