Quote from: cydrix on March 01, 2019, 10:06:07 PM

Quote from: pawanjain on October 11, 2018, 05:21:47 PM

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 ?

Depends on your tatste, but if I were you I would not put mt money into such a small tartget, you should already be buying all of it by now. Btc is much cheaper than it's price for this past years so this might be the time to rise it up a little bit. Let's wait for big shocking price to happen better save up for now,

It sometimes stop loss strategy will be useful when we are not in the full time trader. But for now, it is better not to used these cause we eventually moving forward and better not sell this time. We all through looking for the positive response from strong resistance and it may surprisingly shown up this year.