3% loss 10% profit -> sell

[Lanatsa]

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.

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.

[akram143]

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 ?

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.

[gabmen]

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 ?

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.

[Faxmate]

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

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.

[whirlcoin]

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 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.