Quote from: javainn on September 30, 2018, 06:32:59 PM

Quote from: flying_bit on September 25, 2018, 04:00:33 AM

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.

Not possible if you do it seriously and wanting to have it. Even new adopters can made it provided that they have to focus on their trades and look best opportunity as they can to achieve such goal. It is our own determination and perseverance to drive for the success.