Bitcoin Forum

If I set a 3% loss on my initial investment as a stop loss and a 10% profit as a stop for selling, will that make me trade too often ?

In a crypto market 3% loss is quite common and if you can't wait then you most likely will spend more money on trading fees and can't make much profit. I don't recommend how much you need to set because it all depends on individuals how much risk they can take in this highly volatile market.

I don't do an everyday trade so my targets are higher like 20% or more for the losses on particular coins. Some coins I will sell when I reach this target and some coins I will buy more when I reach this target.

Cryptocurrency market is highly volatile , If you look at the charts 3% loss can occur anytime , and after 3% loss the project can rise upto 100% , imagine you purchase a coin at 1 dollar , stop loss is 97 cent , if project goes 3℅ down , your order gets executed at that moment and after couple of minutes if the same goes 2$ your total loss will be 1.03 , you are in loss , no matter project is performing or not ,

If you set your Stop Loss at 3% every you Open Position can hit that SL, because crypto market so volatile. I suggest you to buyback evey the price has fallen until 20%.
The key to this strategy is do not All-in when entry market. Hope this help you.

It is impossible to answer this question unambiguously. It all depends on how accurately you will be able to choose the entry point. In General, the result is likely to be negative.

3% loss is small to cutloss,i set 7% for cutloss and i will set 30% profit-i will sell 50% and the rest 50% i will sell with 50-60% profit

Not a good idea, if you will cut your loss every time the cryptocurrency you trade fall down to 3% you would probably do this all the time and you will lose a lot of money, because it is very normal for any cryptocurrency to drop 3% due to their high volatility. Just think of this, if you will bought a cryptocurrency and the price went down, you can't say that it is already a loss unless you sell it to fiat currency, and giving up on a trade just because the price dropped a little bit is pointless for me because it can still recover at that price at the same day, depending on the situation of the market.

From my experience you will loses more than you gain. 3% can easily be hit and you will have youself be push out of the trade more often than you ever think.  Trading is not just about setting stop loses but if you want to set stop loses you must do it in away that your position can accommodate the fluctuations in price.

Are you doing a daily trading or not? From my experience getting 30%+ profit each day is hard to do. It makes me wonder how do you trade.

I agree with 10% profit sell, as long as you're trading only based on technical analysis, especially if you do a scalping. If you're doing a TA+FA then you should wait for more profits, around 30% and up. Set your cut loss around 5% or higher, 3% is too small.

That depends on what coin you were trading my friend. 10% profit is attainable in high caps if you are practicing day trading, but if you are busy enough to watch the market, I recommend that you purchase Gunbot and let him do the trades for you.

It depends on what coin you are making the trades. This is just simple stop-loss algorithm and it will work once only and will end the trade. You will have to set it again and again once it ends with either 3% loss or 10% gain in theory! Now to make it happen over and over again you will need to have coin which id of quality having the swing trades all the time. If you manage to get such coin then you can trade multiple times in a week and thus can make good money out of it. Then it will work. For example, XVG, TRX etc.

I think you put such stoplos is absolutely correct. You can see that the market in recent days is constantly changing and difficult to predict, so trading at this time is very dangerous and high risk. Although the market is showing signs of recovery, I believe this is just a short-term rebound and bitcoin prices will likely continue to decline at any time as overall, bitcoin prices are in the down cycle.

It all depends on what the charts say when you enter a trade imo. I'd suggest looking into these things to determine your stop loss. (Just based of my experience and lessons iv'e learned after taking a loss)

Volume
Make sure you have a few separate buy walls between your entry price and stop loss. I have taken a lot of losses due to flash dumps triggering my stop loss, then the price normalizes after one minute and continues to moon. These really suck to see the next morning. Make sure your stop loss accommodates for a small correction

Current trend in BTC price
I normally look for something that's gone into an upward trend and kept in it for about a few days at least. Because if it hasn't gone up too much yet, you are statistically more likely to see it go up a bit more than for it to dump.

Current BTC price vs ATH
I normally like trading something that is about 20-30% of its ATH in BTC and then ofc also in an upward trend. This means its still got some good room to grow.

When to exit?
Lets say I bought a coin at 700 sats and it's at 1000 sats. If it's still in an upward trend then there is no point in me selling right now since I could lose out on more profits. In a case like this I'd set a stop loss at 920 sats or so, I mean 220 sats per coin is still great. If it continues to pump I will keep moving that stop-loss up, about 7-10% below the current price. This was you are assured to sell it near the top and you are guaranteed your profits.
The only risk is really when you enter for those first few hours.  My entry stop loss is generally 1-2%.

I am actually doing the rolling stop-loss on EOS now for my exit. I sold near the top and re-entered quite luckily near todays bottom with more tokens. I have my stop loss about 5,5k sats below the price.  So I am already guaranteed profits, if it goes on to break its ATH I am still in it and can enjoy the gains :)

Hope these insights help you, I normally take the 1% loss in the face if my entry isn't perfect. This sometimes screws me and other times saves me.

It would make your trades too often since 3% loss is easy to achieve in crypto. I suggest you set your stop loss to 40% and set your stop for selling as 30% for a better profit(if you wont do day trades). If you will, then your stop for selling is fine, but set your stop loss to 30% for better profits(since most markets doesn't drastically moves down all the time, which will lessen your trades. It will also help you save up on fees).

But then you risk 40% to make 30%. Which means your success rate on trades needs to be over 50%. This dude explains the logic quite well on this actually. I have sort of been operating in that fashion and its given me much more consistent and overall green.

https://www.youtube.com/watch?v=bRCtBRsLPmk&t=2s

I just prefer to hold in long term and patiently wait  the good chance to sell my tokens in a good profit rather that buy and put in bot that you pay in high price and you just only do a  small amount of capital. I think that was good only for a rich man people.

I think a 3% stop loss and a 10% profit stop are too low margins for crypto investments.  A coin could drop 3% in a day and that would be considered completely normal and not out of the ordinary. I would bump the stop loss to 15% or more because these cryptos tend to swing a lot and you dont wanna have it liquidate your coins for such a small drop.

You can set a maximum loss of 1% and a minimum profit of 100%. So you'll be a millionaire soon.

3% is kinda low for the downside, 10% is decent for the high side.   If you're a "set it and forget it" type, then this strategy will work just fine.  You can probably squeeze more out of the high end though, if you're readily paying attention.  Just don't get too greedy with it.  Getting out in profit should never be a difficult decision.

I agree with others that 3 and 10 percent triggers are too low.  Take today for instance, just in the top-10 on CoinMarketCap, three of the top ten coins are below a 3-percent loss... and that doesn't even include the intra day range.

I think you're asking for guidelines but in my experience each trade needs to be approached differently.  If you're just starting I'd recommend keeping a trading journal and write out your hypothesis (why you think it's a good trade) and before you purchase list out your stop-loss and sell targets.  And... none of these should be guessed, there should some logic behind your targets.

With a market that is constantly changing and as fast as it is now, placing the toploss is very important. You can see that the price of bitcoin in the past days is fluctuating continuously and very difficult to guess, this has made many investors lose. I believe that when the market is going down, you should stop trading when you lose 3% -5%.

Hitting those limits and gains would really be easily hit up a short period of time which do means you will able to make trades to often. We do know how volatile the market is but having that 10% gain target is quiet high if we do talk about day trades 5% is quiet reasonable and its always being suggested to have stop loss because just only on minimal because if you make it too deep you would really be stuck on waiting game. Price do make zigzag hitting up those ropes.Emotions would be the main concern on here.

I dont think so. 10 percent is a high gain so you might be looking at days or maybe weeks of trading if the market doesnt move much.
But the loss though, 3 percent might happen really quickly. I suggest you get a larger capital for you to see a better profit even with just a little percentage of gain.
You might also want to frequently check the market for the instability might happen anytime.

No, in general a 13% fluctuation does not occur that frequently, so it's unlikely you will be trading too frequently. That being said, I do not believe your numbers are optimal as I think it would actually lead to you trading too infrequently. I think a more reasonable goal is 2% loss, 5% profit, that's a 7% variance which should occur much more commonly than 13%. Try it out on two coins, and see which one trades more, and in overall gains more.

I think the level of stoploss that you set at this time is very reasonable, you can see that bitcoin prices in the past few days are fluctuating continuously and very complex, they have very fast discounts and only reduced from $ 200 to $ 300 but it has a huge impact on the market. Therefore, it is very reasonable to leave such a stoploss.

In my opinion that stop loss too small, and can be in every trade will executed because too near from open potition, in personality i used stop loss 10% to 20% and take profit about 30% to 50%. The volatilty of crypto so high this target is good in this bullish trend just like now.

Placing stop loss at your trade is not good. This is because crypto market is very volatile. There are times that crypto price dump or pump up to 20 % in a day. instead of using stop losses. Try to always monitor your open trades.

It depends on the coin you're looking at and its volatility. If it's a coin you're willing to lose some money on because you believe in it long term, it is worthwhile to put a stop loss at 15-20%. You should cash in on your profits at 30%+ up for this situation.

Try your strategy on historical data. Take a chart with eg coinmarketcap.com, and simulate transactions with commissions. If on some coin, your strategy will work, try it with a small amount.

It will work in some points but you needed to be well understand the project/coin that you will going to invest with, if how the coin will move and what are those updates that will bring the project to rise, I'm sure it will take you a  lots of research before you will be able to master this strategy, as it is needed a lots of time and lots of coins to review well, your loss and profits seems to be easy to achieve especially when the market is in a healthy movements, when green are keeps on showing the target goal is easy to achieved so be very careful and review first before dealing with this strategy.

Risk management requires dedication and mental awareness, because professional traders always choice the opportunity before it get reliased to mass. Losing on small percentage of investment doesn't hurt the trading strategy. Grabing every opportunity before it get exposed requires trading skills. Risking whole balance on trading is kind a like gambling rather than investment strategy.

You may consider adjusting your stop loss at 5%. 3% stop loss is too much small since the cost of your initial investment includes the charges roughly 1% cost of the overall investment. But in fairness 10% for profit is good enough setting. If you are good enough to choose your trade you will definitely has big chance of success.

Correct mate.3% loss is just too low in figure considering that we experience that normally everyday.Increasing your tolerances from 3% to 5-7% might be a better option.And with percent increase of profits I think it would be best to adjust it to 30% or more depending on the amount you have invested.

3% stoploss is too small, it's a small compare to correction wave, it will reach your stoploss point. Then you will lose the opportunity to profit. In my opinion, there are two principles with stoploss and take profit:
1.Stoploss minimum at 10% when the market goes downtrend, or there are hint of decline.
2. Never take profit when coin is rising, Determining the peak is more difficult than bottoming. Only sell when the market shows signs of decline, the volume 24h peak and the coin starts falling 10% from the peak

Set our stop loss in trading sometimes will be good but sometimes it will not. It's good if your trade got executed beforw it falling more, and it's not once your trade got executed but it bounce back higher than your buying price. For me, i don't set my stop loss on 3%, it's still too early, i'd set it around 10-15%

If you would like to get some instructions and recommendations I think it is not possible because trading needs an individual approach. As for me, the figures look not too large but it is up to you to decide

There are so many other factors which you need to take care of at time of selling or buying of any of your coin and that you need to make this decision after having enough of the thinking over it and that there is no point of making any kind of hasty decision.

You need to be sure that you are using the knowledge which you have in the best possible manner and that you are not going to regret over the decision which you have made.

the cryptocurrency market is very fluctuating, and can not be with stop loss 3% and 10% profit. But I admitted that such a way is very powerful for trading every day.

and have a nice day for your tricks to sell like that, keep the spirit!

Crypto market is full of profit for all traders and investors, as if you buy at this time and hold your coin, for long term will gradually increase your earning strategy, if you buy at 10k dollar right now and then sell at 30k dollar so it will be 3X profit, I am sure profit will be higher than lose,  but here I suggest you to trade for long term than day trading as every day trading for me is not advisable for high profit.

3% loss is NOTHING, you will get almost all your orders closed for stop loss because that is a lot.
10% Profit is HUGE, you must set it at not more than 2 - 3 percent per trade, because it is too much

I do not understand why to use 10% take profit. I consider it need not to do anything while you are in a trend and this trend is increasing your profit. I absolutely agree with 3% stop loss.
What about trading, I consider that it is much better to be an investor instead of trader. Well, investor buys assets on low prices it is a key to success.

set 3% loss and 10% profit still reasonable for me because we still can save our initial investment if face up downtrend but to get the profit i think it depend on the market situations that if still possible to get profit more than 10% then that's more good rather than cut your profit

If he's so afraid let him. It's actually normal to set stop loses right above your entry point, to cover all the fees. If you put it exactly at your entry point you will be losing money every time and stop loss is there to prevent you from doing that, right?
IMO its best to either day trade, without leaving any open trades for the night, or go in for the long run, with confidence that it will eventually go up.

I think you should not continue to trade at this point, you can see that bitcoin is constantly changing and difficult to predict, so to be successful is very difficult market, the market is In long-term downtrend, you should only short-term investment to reduce risk. You should wait for the market to stabilize to be able to start trading again, then the risk will be much lower.

It doesnt happen very often,  trading has no permanent pattern. It has a lot of price action that can happen. Everything is in the hands of all holders.

I am happy for you. Not only on this that you have earned ten percent profit but mainly for the reason that are you happy with your results. Mostly people when encounter loss, they start cursing everything except themselves to be responsible for their loss. But the reality is, whatever happens to us, this comes with our own performance and actions. So don’t just lose heart.

Hmmm even the market are in red blooded situation theres an altcoin pump up and you can earn a profit but be careful for your move set a 3 to 5% profit and be greedy make your self a positive thinking because anytime the market can be up or down.

This percentace i think only work in forex trading, and does not work in crypto trading because volatility of crypto too high, when the price down 3% the price can be going up afterward. By use Stop loss 10% and take profit 20% i think is better.

It is like casino, you can't know what exactly will happen with a token. It depends on different things as PR company of ICO or importance of their token and so on.

Yes, but sometimes people do not want to take advantage of what they should be able to get, but because many people are greedy and obsessed with being able to generate greater profits according to what they expect.

I know what you are thinking  ;D that you might achieve good profit of 7% on most trades but do keep in mind that the market might act against you.
Just think for once that if the price goes down by 5% and then increases by 10% within the same then you will not only loose 3% of your capital but you will also loose 5% of profit opportunity. I would suggest you to keep the stop loss by 5% or more and keep an eye on the prices every now and then in order to not miss an opportunity to make gains.

It is simply because cryptocurrency is volatile and unstable. The market has also been so shakey this days and it is really hard to predict the prices. I think it is best to hodl no matter how high the losses you might have. You should just have more patience and wait for the market to recover

We have different strategy to earn profit to avoid losing capital. It's your choice if you want to sell your coins even you lose some percent of your capital or you gain some profit. All decision will be yours because that is your money. Make sure you will be benefits on that.

It all depends on what amount of investment you currently have. This risk-profit ratio is often used by day traders, so I think that in order to make good money you will need to make at least 2-3 deals a week.

You have forgotten to point your monthly stop loss and the stop loss on all your capital. Every trader has his own the monthly stop loss and the stop loss on an capital. For example, the montrly stop loss can be 10-15% from all you capital in case if you use the 5% stop loss for any operation. It is evidently if you catch the monthly stop loss you suspend your trading in that month. Not to lose all your capital you would better to set the stop loss in % for all your capital, for example, 30-50%, and in case of catching that stop lose you should change your trading strategy or finish trading at all.
Anyway I hope you are a successful trader

Yes, if you do like that, you often trade, but with income like that it is quite a lot if applied for daily income.

This strategy is good to use when crypto market on side away , but when bull market is better to use higher level stop loss and for the take profit is open, so by this way we will not miss higher potential profit because too early sell. And to lock the previous profit we can increase the stop limit price to higher price. We can see last year in bull market many crypto was going up 10 times just in 1 month and more than 50 times just in 4 month, so by use stop limit function we can make bigger profit by more easy and less risk.

It depends on the time chart one is using, 3% loss can be set when you are day trading with 15mins or 30mins chart, but with the 4hr or a day chart, 3% loss is very likely to occur and one will miss out of good chances. I made such mistakes in trying to apply stop losses but have learnt from them. In 30mins chart, with 3% loss means a further downtrend, so I try to buy as it drops lower

Common like its happen everyday couple times, and in theory this sounds like you can make money with stop loss and sell option like that, but you can`t actually. I will try to explain it with an example, simple one so anyone can understand it, you buy at 1 and you set up your stop loss at 3% and sell at 10%, price start to goes down 7%, you sold your coins, but price stop there and start to rise and its recover and rise 10%, but you don`t have anything to sell, you sold already. What you gonna do now, buy again at higher price and try your theory again?

You should be reversing that one because I am sure getting the 3% profits is far easier in the crypto currency world rather than getting 10% profits. Also you should be setting the counter to 10% loss because if you set it to the 3% then your all trades will close too fast and thus you will not be able to continue the trade anyway. Now you might say that trading loss with 10% is huge but dont forget that you will need to give that much window so that you can give your trade a specific time line within which it can start recovering itself and thus make the trade to go on continued basis. Just think twice and do set these parameter on your own.

More often even the 10% cut loss is an easy target hit by the wicks

this is very much observed in margin tradings

so basically if you want a safer with a cut loss stated above then use it in normal trading exchanges

Otherwise use a very low leverages so not to hit or rekt

Stop loss trading is quite risky because the volatility range of the crypt kept increasing for now so you have to take more range if you want to make money out of it but you can make long term trading too which will allows you to settle with high profits and low loss range.

I think setting your stop orders at 3% and 10% respectively will mean you don't get very many sells in the bullish direction. The vast majority of market movement is down now, so I would recommend tightening these numbers to 2% loss and 4% gain respectively, and only play with strong guns otherwise you'll lose more than you win.

I really like the risk reward ratio in this trade. It would make the trader be profitable if he or she has 70% accurate calls in his trade. This is how it is

Yes, that is how a change of strategy comes into play at every particular point in time based on the market conditions. For instance in a bear market, you always want to keep a tight stop loss as much as possible, knowing the level at which a market can go down faster than you can imagine, but in any case at all, you always want to make sure that your reward ratio is higher than the risk. It is easier to trade an uptrend market since the market is moving up anyway and in that case, you basically want to be taking advantage of the trend to make your selling decision.

I would say 3% loss for day trading on a particular trade could be a lot high because as far as day trading may be concerned, you are not really looking for a very huge profit on a single trade and you really want to keep your stop loss at a very minimal level based on the time frame you are using and the strategy you are using to get into the market and stopping loss at least below support level. Certainly for me, I used to consider 2:1 reward to risk ratio when day trading.

In my opinion that rasio is good, we take risk less than take profit. And this is good to use for day trading, and for swing trading should be use higher level of stop loss and take profit. This strategy possible to earn more than 30% amonth.

you didnt loose anything based on the comparison that you have show'n on the op . youd rather earn a total of 7% profit and that is quit high in terms of trading knowing that the  crypto market is volatile and seems pretty risky .

but if you think that your losses will be higher than your profits , then much better if you stop using your current strategy because as i said earlier all cryptos are volatile which means their movements will not be fixed . 

I've found that 3% gain 2% loss, or even double, 2% gain and 1% loss per trade is a nice ratio for small TF trading-with Depth chart analysis. It's all about compounding rates ;)

When I say small TF, I'mean buy-sell in out asap trades.

Yeah because in crypto prices can go down by more than 10% in a few hours then go up again and pump, I think you should revise your strategy in cutlose, at least you have to look at the market conditions too before doing the cutlose.,if the price continues to weaken and exceeds 10% maybe you can think of selling it

Absolutely 3% loss is very less amount. But it is better than big losses. I always like to use stop loss in my all short term trading to be safe from huge losses.

but even though we use a ratio between risk and prizes, i think adoption of Ratio must be logical with market conditions, so that placement of ratio is flexible following the rhythm of chart

Then you would probably lose often because crypto is so volatile and would go down quicker than you think and it would hit your stop-loss.

The risk is really high if you will keep doing this, the fluctuation can easily hit that cut loss strategy that you have, before hitting the profits of 10%
it can play backwards up to 10% more before running upwards, this strategy will work if you have deeper knowledge about the project that you will going to invest your money, but if you will apply this in all the assets around the market then it would be a big risk to take and wish for your luck finding coins
that will fluctuate upwards first before the downfall.

It is not specified to what those percentages are applied, to your capital? Or to the amount you are putting in each trade? If you are looking to apply those percentages to your capital then you are not going to trade that often because movements that big are not as common as many people think, but if those percentages are applied to the amount you are using to trade then you will need to trade more often.

Getting a bigger loss will depend on your reward on how bigger, and in most cases, it also always depend on the pattern of trading you are going with, which in this case, we are looking at the average in most cases. Even if your risk is 30%, you should not be looking at any reward below 60% and above, which is the way to always try as much as possible to stay on a better chance of profit in the long run. What is important is just to have your good strategy and plan at hand, and then know how to execute it pretty well, and the whole thing with risk to reward ratio is always part of a strategy in most cases.

Usually most risk to reward ratio is actually always 1 : 2 - above respectively and in this case we are looking at some 1:3 risk to reward ratio or thereabout which is something that is actually very reasonable when it comes to managing risk in trading. That is one thing about trading, as long as you have a good strategy, you know what you are doing, you are certain you can execute your plan very well, you know how to manage your money, then the possibility of doing well will always be there.

The duration and frequency depends on the play or system you're setting not on the stop loss and PT mechanism. And also the frequency will rely on your target. If like 10% is yoyr target per day then you're on quota.

On most trading situation he might talk about 3% and 10% of the entire capital.No one knows unless if he do talk that hes basing on the amount he used up on a certain buy. 3% stop loss is way too small and easily can be eaten up on Crypto volatility. A price can swing in those range on a short period of time or even more. Basing on the ratio he had given it is considerable on risk:reward overall but on my own trading way setting up stop loss can give out more chances for you to chase up loses once it has been triggered but well we do have different styles.

often trade or not, that is your choice. the target profit or loss is your own determination. I think it's good. make a target of 10% profit for one day. and make a stop loss of 3%. if the target is reached, you can stop trading and make fresh thoughts. so, your target has no effect on the frequency of your trade.

Cryptocurrency trading is high volatile fluctuations losing is a normal
But if really have no patience to wait the pump you i suggest stop working in trading
Because trading need a set yourself control ti avoid loses
For the day traders setting of 10 percent profits is enough to make earning a day
I advise for you learn more and study how to avoid stop loses

When investing in e-money is just a 10% profit, then I recommend selling to make money. Do not be greedy for holding, the market is now up and down very erratic. Holding long-term electronic coins is not a good way to be able to lose money.

Logic is definetly there however if you used this during the bear market than you would have probably lost almost all of your money to the losses. If you keep on selling with the stop loss than you will not have any money left in your pocket when the bear hits. Losses are real if you only sell it and if you keep your money in that coin than you only have unrealized profits that will happen during the next bull.

I would agree to have this during a bull market when quick selling is more important than finding any coins because all coins go up during bull and having a 10% profit while you sleep is a marvelous feeling however like I said this is not built for bear markets. If a coin drops 3% that does not even mean its on a bear run, all coins drop that much daily but recover same week, I would say making it 5%+ would be smarter.

Yeah that's a nice idea but i think your profit is quite high. I know crypto can give you more profit than that in a day but I think if you have enough money, a 3-5% is somehow okay. For your stop loss, it's good and somehow safe.

maybe a 10% profit will make you trade frequently, you can continue to increase profits to 20% if you are already a professional trader. and you can make this as a benchmark for your profit.

One of my early mistakes in trying to trsde with stop loss, was trying to avoid not losing much eventually lost huge, 3% loss could be applicable for 5mins  to 15 mins charts, where one has to monitor the screen always but may make lower profit. This is usually very tasking and draining. The best however used to ensure a very good entry and a reasonable support and set a stop loss at around 10% and trade long for few hours to some days. Best bet for me. Gives me control of my time and not watching the screen all the time

You can apply daily or short trading, of course, plans and strategies are very important to be able to bring profit, especially in the difficult situation at this time.
I also trade with a lot of altcoins, but basically analysis research looking for all information is the most important thing.

not at all. you make at least 4% profit out of it. pretty good for me actually.

I think when you are making 3% loss strategy and 10% profit to sell, you are using in day trading. It is a safe strategy but the market will not be as easy as your guess when the market is going down. Long-term strategy may be better suited to your calculations.

The 3% is too low to set as stop lost and can easily triggered any time why the coin might go up in some seconds, so if you are a day trader then you need to be watching closely you chart and also ready to use stop lost at a long range or never even set it but only wait for your target profit time to hit and move out of the market.

The idea is very interesting and attractive, but you will need to really monitor your orders, cryptocurrencies are still quite a volatile tool

It is so hard to predict the next movement of Bitcoin. Its either another crash or a pump. The price of BTC is in the hands of all Bitcoin holders in the whole world. Its up to you if you trust BTC, Hold it no matter what happened!

That mean you will do day trading,  that good strategy to make consistently profit because in case in 10 times trade your open potition make profit from 5 trade and others 5 trade touched stop loss, you still make good profit. Do not forget to use stop loss for day trading because this is the most important thing factor that make possible to make monthly profit.

You are the stock market to ask this, because the price here walks +/- 10% during the day without a special reason.
I think you're just inexperienced or just came to this market. Because for altcoins to make 10% is not difficult. The question here is another - Will you stick to this theory??
Many people build a goal to trade crypto to stick to a particular strategy everyone does. If you manage to trade so the number of transactions for this is not important!!!

I think you will often make buy and sell orders in a short period of time. 3% down and 10% up will be easy to hit especially if bitcoin is your main currency. You must be very active in monitoring price movements in the hope that you will not miss even a small chance of the fluctuations. Btw, that is a nice idea regardless the percentages you put for both sides.

That good trading strategy, but we have to make open potition carefully to avoid the price going down to stop loss area before going up.    With high fluctuacion look better to set stop loss 5% and take profit 10% to avoid the price touch the stop loss before the price increase.

This risk management  better to use for coin that has lower fluctuation than others, like for BTC,  ETH,  XRP.  But for others altcoin usually has higher fluctuation so we have to put stop loss and take profit higher.  Maybe better use stop loss 5% and take profit  15% for others altcoin.  

I suggest you perform long term trades than short term trading. Long term trading is much better and you can gain higher profits. 3% is fine but can easily be filled. You can stop loss at 10% and sell it at 30%. But well, your strategy is fine. As long as you gain profits. However, it is too risky to perform your style in trading.

That kind of activity depends on you. Well, I'm a born risker so whenever I'm trading I never stop until my thinking is that if that is the final stop on the rally the trade I started. It's not so hard to think of that possibility since what I believe is that to be a trader you just need to understand the psychology of the market.

It all depends on how many coins you have and what coins you hold and will be profitable or not, if all of them support why not and it is more suitable for the daily trading system that you must always monitor.
and in my opinion what you do is good and at least you sell it when it rises even though it's a little.

It is not true that a loss rate of 3% in the cryptocurrency sector is very accurate, because prices in this sector vary considerably. Using '' Stop Loss '' and '' Take Profit '' feature in your transactions will be useful for you and proves that you are a successful and knowledgeable trader. But as I mentioned, a 3% stop loss rate is very low, because many large investors can often easily explode these stop loss orders. I think it would be more useful for you to bring this rate to 7%, but it is entirely up to you to determine this ratio. Finally, I think it's nice to have a profit margin of 10%.

It's good a risk management but make sure that you have your analysis in trading, like if your every trade is valid and that 10% profit is possible? It's hard to say that in your every trade, there's sure 10% profits, before you can do that, you should have supporting technical analysis/fundamental analysis. And also, there are also problem in stop loss, some stop losses are not triggered especially when the market does the flash dump and boom, sometimes you get liquidated by this.

Basing on numbers then its clear that this is a good risk:reward ratio but the question is, would you able to hit up that Take profit before busting or hitting up your stop loss? 3% is way too near when it comes to cryptocurrency volatileness.It can hit up thats why i would decide to make it bigger or wider for it not to be hit up easily. Active trades is suitable with this R:R but somehow risky compared on swing ones.

Trading is a forced phenomenon IMO.
It's upto a user's will whether to choose to trade or not.
And as you stated about the 3% and 10% thing,  that is completely upto you. No one can tell you that this is the best percentage when you should withdraw the funds or want to trade more.
But I can say you that if you make 10% profit,  then that's a great thing and you should trade more in order to gain more profit.

I don't think you will trade more often because it will depend on the coin itself and the market situations. And if you do not decide to trade, even you set bigger than 3%, and then you will not get anything because you are not trading. But if you decide to trade in 5x, you set 3% for a loss, 10% take profit, and you try on that day, then you will see what the result is. The point here is you need to decide how much you will set the loss and take profit, and then action.

Yes it is all about the user that has experience with one coin he can trade it well but choosing more than risky. As you will not be able to concentrate at one side, Buy the coin when it is at low price but make sure your investment is long lasting and profit making if you are earning 3 percent lose for the sake of 10 percent profit then it is good investment.

I think it depends on the number of the coins you have at hand assuming is almost a 1 BTC worth then you will be making some profit but say is less than that and there are trading fee hinging your chances that will be a big no coz you will be losing at the end Learn to choose your preferences

Good strategy but hard to execute. Just thinking of what coins you need to buy next in more than thousands of altcoins and still counting that for your next profit. Setting that minimum loss is a very easy part but in case you find coins that has good indication of rising, it could be more that a week before you reach that 10% target.

It would entirely depend on the coin you are investing into. 3% stoploss maybe good to avoid excess loss but there would actually not be that need to set a stop-profit. Even if your coin crosses 10% profit, than even you can hold that coin by setting up a new stop-loss which will never make you have loss instead of profits.

This would be a good strategy for making profits rather than loss but you should be cautious each time to avoid losing more than you could win. Also each time try to buy at a dip which would give you major chances of reaching your expected price and it would rather be much profitable for you.

Monitoring the graphs each time while we have invested our money into it is mostly what everyone follows. Also i don't feel that even selling the coins when it is just a little above the price we buy as it would not actually give us that profit excluding the fees we would lose into trading with them.

We should always be patient in our whole trading career and try to avoid greed as it would really end up giving pretty less or no profits. Stop-loss is a must for each transaction we handle because it really proves very useful for avoiding major loss. If you be careless and neglect after buying than surely you may end up with no profits so it is always better to stop-loss.

3% stop loss is too low and a sudden drop of price may trigger the system to place Sell order. 10% profit is too high as this current market condition. If your aim is to trade more often, I suggest that you lower down your goal to place a Sell order for profit. In my case, once I reached a 3% profit, I sell right away and move to another trade.

if I sell it because the 7% profit for daily traders is very good now because of the current market conditions it is still difficult to get 7% profit every day

I think 3% profit is not worth it of trade. In my opinion, 5% is better for a day trader. It's a decent aim to make profit and not difficult to get at the same time as the current volitality of crypto market is huge.

If the market can move up and down many times, then 5% daily can be reached without a problem. But if the market situations are like a few weeks ago, then I don't think that it will easy to reach. I think as long as we can take a profit in every time we trade, we don't have to worry if we cannot make a nice profit because, at the end of the trading, we can collect a nice percentage. But it will be back on the choosing of the right coin because that will be the important point that we need to find out.

Exactly the opposite. Put 3% profit and 10% stop loss. But if you seriously need to look volatility which is now in the market. And change the size of profits and losses, depending on the situation. I recommend to play from long. Prezakhodit on rollbacks. ;)

If prices in the market are difficult to achieve such high price changes. So it is not recommended if you wait for the price to reach your desired target at a profit of 7%. Actually the target profit must be seen from market conditions too. Do not force sell at high prices when conditions are bearish

I have seen s o many people who earn big profit even in day trading but some of them are now against day trading right after experiencing it, I know market is so volatile that’s why if we want to make more than 3 percent of profit we will have to be wise and trader at right time, don’t rush to trade once you buy at lowest price then you will gain whole 100 percent of your profit.

Actually numbers can change at any time, 3% of loss can be a rushed decision, if market conditions are still stable. it can also be the right choice, if bearishness continues. You have to be good at reading the situation to know which is the most appropriate choice

The only way one can really get 7% profit on a daily basis is when you trade many times in a day;let’s say like 10 to 15 times before bedtime.

The market fluctuates several times in a day, so 7% target becomes very possible when you close trade several times a day but in a single trade, it depends on the factor that time, just like recently that bitcoin increased by 21%, but this cannot always happen every day, though exiting trade many times in a day is still not as easy as that, because one still needs to make use of technical analysis to decide the right time to buy and also sell.

I think if you implement it it will give you a very high risk because the benefits you get aren't there at all, it's better that you do long-term trading to be safer and don't panic easily.

For sure if the price falls it is not good to sell all the time, having even 7 percent of profit is better than not having anything but if we get more opportunity to have profit we can get it, don’t sell at panic and try to buy when you will be higher, 3 percent lose is there but if you will be good trader you even will not suffer 3 percent with your skill of holding and your knowledge.

I guess so but I think that you should be upping your 3% loss. It is usually normal in crypto to have that kind of loss. I guess you should try 15% loss and 20-25% profit to gain more. That's what I'm mostly doing and for me, that kind of percentages are good to me as a trader.

Depending on how much you can risk on basing with your capital but i do agree on your point that 3% is just a normal loss or gain on crypto thats why it would be good if you set higher percentage but still its up to the trader on how much he can risk on and possible profit that he do target out but since doing active trades will monitor out which you can eventually adjust once you have seen how the price is moving.

everytime is not like the same to get the profit in trading is very difficult so you can make your profit percentage and the end of this year will be increased that is the proper trading way if you get lost in sometimes you will definitely need to manage in the end then only you can possibly get the profit amount more higher in trading.

At least you have a solid plan dude. Leaving your trades with just a buy/sell order and stoploss would avoid being pressured when the market swings sharply. Yeah sometimes you might miss an opportunity for bigger profit, but most of the time it'll save you from being too greedy.

I don’t like those who consider risk and lose at first step, why can’t we think positive and lose free trading, I know it is good to be careful and think wise to make high profit and less loss, having 7 percent profit is good trading strategies but without care and wise decision we can even vanish the chance of lose, if there will be no fear but more confidence I think we can achieve the entire 10 percent of profit.

the profit percentage will be hire you can do it if you had lost sometimes because the end of the things will be profitable only for you is important otherwise the losses are always happening every time for everyone.