Post
Topic
Board Trading Discussion
Re: 3% loss 10% profit -> sell
by
wuvdoll
on 04/11/2018, 14:47:16 UTC
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 ?
Logic is definetly there however if you used this during the bear market than you would have probably lost almost all of your money to the losses. If you keep on selling with the stop loss than you will not have any money left in your pocket when the bear hits. Losses are real if you only sell it and if you keep your money in that coin than you only have unrealized profits that will happen during the next bull.

I would agree to have this during a bull market when quick selling is more important than finding any coins because all coins go up during bull and having a 10% profit while you sleep is a marvelous feeling however like I said this is not built for bear markets. If a coin drops 3% that does not even mean its on a bear run, all coins drop that much daily but recover same week, I would say making it 5%+ would be smarter.