If I set a 3% loss on my initial investment as a stop loss and a 10% profit as a stop for selling, will that make me trade too often ?
It is not true that a loss rate of 3% in the cryptocurrency sector is very accurate, because prices in this sector vary considerably. Using '' Stop Loss '' and '' Take Profit '' feature in your transactions will be useful for you and proves that you are a successful and knowledgeable trader. But as I mentioned, a 3% stop loss rate is very low, because many large investors can often easily explode these stop loss orders. I think it would be more useful for you to bring this rate to 7%, but it is entirely up to you to determine this ratio. Finally, I think it's nice to have a profit margin of 10%.