While browsing investopedia, I read about 2% rule where you will limit your loss to only 2% of your total capital.
Will this be applicable to crypto market? I always believe that you should wait for stock/crypto to gain atleast 20% to lock the profit but the 2% rule seems interesting.
Any insight? Anyone using this strategy?
limit losses to only 2% I think it's very difficult, it's done only for professional traders. for beginner traders it might be possible to be at a price at the top point, so I think losses can be determined if you look at real market conditions.