3% loss 10% profit -> sell

[leonix007]

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.

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

[St4yInTh3D4rk]

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 ?

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.

[Docnaster]

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.

[KXC247]

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

[beerlover]

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.

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.

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 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.

[enawati]

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.

[pinoyden]

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 . 

[Cryptonym0us]

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'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.

[mornabo]

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 ?

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.

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

[jony35490]

The 3% loss is very small, I get a bigger loss, it's just that I don't cut off, I still hodl to date. Now you have to be good at reading charts and analyzing market prices.

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.

[wahyu wida]

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.

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

[charlotte04]

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 ?

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.

[Fredomago]

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 ?

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.

[Omega Weapon]

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.

[el kaka22]

The 3% loss is very small, I get a bigger loss, it's just that I don't cut off, I still hodl to date. Now you have to be good at reading charts and analyzing market prices.

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.

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.

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.

[minairia3]

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 ?

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.

[milewilda]

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.

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.

[crossabdd]

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.

[rodskee]

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

[Caelanpelley]

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.