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
Yes, the strategy you mentioned is definitely usable and logical. Generally, although we investors are accustomed to applying stop loss after purchases, we can actually use this feature during purchases. Especially during the busy times of the market, it is possible to operate comfortably with these features without having to wait at the screen. In addition, as I mentioned, it will be possible to obtain instant profit margin by purchasing transactions in cases where buyers are very strong. Although it seems to be useless in some cases, I think the strategy you mentioned is logical and available.