Post
Topic
Board Trading Discussion
Re: Is stoploss worth it ?
by
tadpole_bitfrog
on 26/02/2019, 11:55:33 UTC
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 ?
I think you are misunderstanding about stoploss. What you are saying is a sell order rather than a stoploss. stoploss is an order to help you sell at a lower price and guarantee your risk.
You should just put a stoploss and just place a sell order at the same time. It will make your investment safe.