I have set the weekly target of 2% profit on the capital amount which is quite easy knowing that BTC swings about 2% on a daily basis and hence it would be an easy target to achieve.
I am achieving the target but as the recent dip was a big one, it took away all the profit I made. So is a stoploss worth a try so that such big dips don't take away the rest of the profit I make ? Should I consider placing a stoploss for such a small target ?
Aiming stop loss I think would be a hard thing for the traders, that's the reason why most of the community in this field of business they always said the the market was unpredictable, even the experts can't read the accurate things will happen in the chart, it maybe close unto it but not precisely achieve it. So, if you are not sure or comfortable on what you are doing, well I guess it is good to hold your coins in a long term than to sacrifice your coins into loss in the end.