Hi all 
Do you think this is a good strategy:
I buy bitcoin by putting a stop limit at the same purchase price to lose nothing
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
Do you think this is a good strategy:
I buy bitcoin by putting a stop limit at the same purchase price to lose nothing
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
Theres nothing wrong with that an in fact you are already profiting now since the price had risen up to 6.3k and it would be much if you do sell it out for securing profits
and repeat the whole process.Try to re-enter on cheaper price and then sell it off as long you do see greens or gains.On this way it would really be ideal to accumulate btc
and it is much more a faster process rather or compared if you do just decide to hold for longer duration.No matter what strategy you are doing as long it do benefits you out
then you are doing good.