Quote from: Polar91 on April 04, 2019, 12:24:32 PM

Quote from: nydiacaskey01 on April 04, 2019, 09:25:44 AM

Quote from: brawdias on May 01, 2018, 12:36:51 AM

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 ?

3% stop loss is too low and a sudden drop of price may trigger the system to place Sell order. 10% profit is too high as this current market condition. If your aim is to trade more often, I suggest that you lower down your goal to place a Sell order for profit. In my case, once I reached a 3% profit, I sell right away and move to another trade.

I think 3% profit is not worth it of trade. In my opinion, 5% is better for a day trader. It's a decent aim to make profit and not difficult to get at the same time as the current volitality of crypto market is huge.

I have seen s o many people who earn big profit even in day trading but some of them are now against day trading right after experiencing it, I know market is so volatile thats why if we want to make more than 3 percent of profit we will have to be wise and trader at right time, dont rush to trade once you buy at lowest price then you will gain whole 100 percent of your profit.