Quote from: ryzaadit on March 23, 2020, 06:45:30 PM

Quote from: Sun2k on March 23, 2020, 06:39:27 PM

$ 5,200 was an example.

If I buy BTC at $6500 and I immediately place a stop limit of $6500 does it work or is it impossible?

Your stop-loss will active immediately with a few mins.

Yeah, this is possible when it goes high then gets suddenly lower at your buying price that's all you are making today, actually none but if you are lucky enough and the price increase is in rally then it might work.

Quote from: ryzaadit on March 23, 2020, 06:45:30 PM

Should make a different percentage the price you are buying and the percentage you can afford to lose, if you set the price $6500 went the bitcoin price still at $6500 at the same time your stop loss will activity because of the volatility of bitcoin and just wasting your fee-trade. If you want to set up the price with the same price buying them, you should be waiting until the price up with around 5-10%. Example buying bitcoin $6500, wait until the price reaches $6800 to avoid your stop lose active immediately.

Agree, this will do for traders who are going outside for a couple of hours. As for my strategy, I always adjust depends on the movement in a week, starting from day 1 example on monday the price is at $6000 to day 7, sunday, the price is $6200 then for the next week's day 1 my buying price is $6200 and I'll set the stop loss to $6000, I'm not saying that this is fully working but at least for me it is.