Quote from: Divinespark on March 28, 2020, 12:26:05 PM

Quote from: Sun2k on March 23, 2020, 05:23:15 PM

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

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

Of course, without losing fee it is impossible for us to make a profit in this market. Trading will always charge a fee, by placing an order they will not charge any fee until the order is executed. A trader will always place a stop loss in order to control looses.