3% loss 10% profit -> sell

[milewilda]

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.

[LimLims]

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 ?

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.

[michellee]

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.

[Sum24]

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.

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.

[TomArayaSlaya]

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

[BigTeeths]

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 ?

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.

[fasdorcas]

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 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.

[BlueStackz]

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.

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.

[nydiacaskey01]

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 ?

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.

[avarnet]

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

[Polar91]

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 ?

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.

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.

[ethereumhunter]

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.

[anthon.stephens]

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.

[mornabo]

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

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

[Sum24]

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 ?

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.

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.

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.

[BeGoods]

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.

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

[GregH37]

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

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.

[ToyotaFortuner]

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.

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.

[Best Dreams]

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

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

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.

[r1a2y3m4]

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 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.