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 ?
Right, you also have to set what percentage of losses for cut lose, as we know market fluctuations can go down and you can also make mistakes so as to avoid greater losses, then cutlose is also necessary, no matter how small your profit target is.