Example: I buy 1 BTC at $ 5200 and simultaneously place a stop limit (loss) at $ 5200, if the price goes up then it's good for me but if it goes down then I would lose nothing
Thank you
You are very lucky today, now the price of Bitcoin is $ 6500, whereas you are buying the price of $ 5200, so now if you sell it already has a profit of $ 1300 enough for you to buy something useful.
The strategy you are doing is right.