Quote from: whatever61 on Today at 02:06:54 PM

Whenever the trend goes up we hold the position.
Once it goes down 1% (or any other % that we will set), we are selling it, expecting a down trend.
Then holding to that until it goes up again 1%.

Summary:

- We hold to it as long as it goes up
- We sell once it went down at least 1% (expecting a down trend)
- We buy it again when it went up 1% (expecting an up trend)

You and your friend are really doing wrong.
You don't suppose to hold when the market trend goes, better sell it since we want profit right?

TBH, stop-loss is still a loss on our side. This is a common practice of many traders but we shouldn't have to make it always as we are stilling in losing status not profiting. Why not hold if we are able to make it and sell it when the market pumps back again? It can't be all the time it dumps unless if you are choosing useless coins.