3% loss 10% profit -> sell

[Lagrood]

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.

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[Nahl]

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

[darkangel11]

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.

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.

[ipbitrung01]

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 ?

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.

[layoutph]

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.

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 ?

[Harley29]

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

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.

[shone08]

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 ?

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.

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.

[richcorner100]

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.

[DavidCh.]

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 ?

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.

[untugede]

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.

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.

[pawanjain]

I know what you are thinking  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.

[acener]

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.

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

[Clark05]

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.

[m_f_o_c]

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.

[pobeditelvezde]

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

[SUDARMONO]

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

[karungbitcoin]

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.

[Karlinz]

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

[Barbut]

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.

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

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?

[Ctn]

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 ?

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.