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 ?
For me yes i usually set my stop loss to -10% so it may not be easily hit when market are just flactuating through consolidation but when market would suddenly dump which we already experienced several times at least my loss is minimal and i can re buy at a lower price.
If you have long term experience in market and you know fall, rise is so common then why to be worry just hold your coin and wait patiently, you wana stop lose but you are selling at low at profit of only 10 percent, then again buying at low price, well I really cant tell whats going on in your mind, I only suggest you to hold patiently.