Post
Topic
Board Trading Discussion
Re: Do you think this is a good strategy ?
by
Divinespark
on 28/03/2020, 12:26:05 UTC
Hi all  Smiley

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
You will lose a fee for each of your orders, so I think this is not a good form of trading because if you are in a bad situation like the current market, you will constantly cut losses. And your assets will quickly decline. It is best to learn how to view charts and trade scientifically