Everyone who has ever traded for more than a couple of hours have had episodes where their trades are wrecked because of bitcoin volatility reflecting on the whole market.
What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
Have proper stop losses in place.
According to the market you can vary the strictness. Like in highly volatile time have strict stop losses while not so during sideways market. This way you will able to achieve your profit targets but not losing much. People here do enter the trade on time but when it comes to exit, under greed or emotions, they make loss.
Well, stop-loss trading is may help when you struggle difficulties but not exactly we all just through this kind of strategy because it never gives you profit.
The market volatility is our chance to market more gains if we can make trades at the right time. And why this volatility won't stop? Coz it depends on the buying and selling price which traders and investors have made. It will consistently change and if we go along with them, surely we don't suffer big losses.