How beginner crypto traders can minimize risk with this trading tool

[Martin9812]

You set alarms and place stop losses and other orders when a price point is reached during the day. You find yourself watching the computer all day because you might miss the action.

You can only have 1 active order for your coin balance, so before going to sleep, you either keep a stop loss order or a take-profit order. Exchange Valet makes it possible to set your orders without blocking your funds, so you can have orders for every possible outcome. You can take advantage of this feature to minimize your risk by setting your stop-loss and take-profit orders at the same time.

You can save time by automating your trading strategy. We provide features that make your life easier if you are trading on Binance or Bittrex.

- Place stop loss and take profit orders simultaneously on Binance/Bittrex
- Get order notifications on Telegram/Email
- Automatically track profits without entering trades
- Use trailing stop-loss orders to maximize profit

You can try it free for 14 days. After that, it is just $1/day for a major convenience.
https://exchangevalet.com

[Gozie51]

- Use trailing stop-loss orders to maximize profit

Nice plan for a trade and stop loss is always advisable for every trade.

However, the use of trailing stop for me, doesn't maximize profit rather it makes you not to lose if you started making profit because it takes your profit instantly as it is coming which means, the price can run to your trailing stop-loss immediately logging you out on a smaller profit or nothing while continuing the trade and pick a big difference between your entry price which could have been your profit but can't be because you have been knocked of at the beginning.