If I set a 3% loss on my initial investment as a stop loss and a 10% profit as a stop for selling, will that make me trade too often ?
Then you would probably lose often because crypto is so volatile and would go down quicker than you think and it would hit your stop-loss.
The risk is really high if you will keep doing this, the fluctuation can easily hit that cut loss strategy that you have, before hitting the profits of 10%
it can play backwards up to 10% more before running upwards, this strategy will work if you have deeper knowledge about the project that you will going to invest your money, but if you will apply this in all the assets around the market then it would be a big risk to take and wish for your luck finding coins
that will fluctuate upwards first before the downfall.