Do you think this is a good strategy ?

[Negotiation]

You are right but it is a very good strategy that has lost the stop In the meantime he will not be harmed As the price rises its currency will rise But if it goes down it won't hurt The way that the stop has been closed will be sealed. But it will depend on the market as a whole If the market is good you can earn a lot of profit.

[Yatsan]

It's a good strategy, no risk at all. But, the problem there is you should always be online since your stop loss is very close to your buying point. If the stop-loss is triggered then, you should put a new order again and do the same strategy. It will be a long work when the market is not in your favor, but for me it's a good strategy when you have a long patience. 

Better adjust your stop limit at $5000 if you enter long position with $5200 or $4900. Or it depends if you have 100x leverage you can put $5100 or $5150 as your stop limit. If you put stop limit with the same price it will hit immediately and will just deficit because of the fee.
 But yeah, just like others here telling that if the market will continue to pump, even you set stop loss at the same price, you will still get profit and it will not trigerred.

I think it will be effective if he is gong to lower his stop limit at least 10$ on his buying price, or even 1$ as long as he's buying price is the dip. It's going to work well if he hit the dip but that is a hard thing to do.

[Bagaji]

Op, I don't think you can be at all time smarter than the market or the exchange company because at the end you will have to pay fee for placing the order.
If you place buying order at let say $5200 and you place a selling order at $6000 and you went further to set your stop lost order at exactly your  buying order it is unlikely that your stop lost order will be active for a long time because of fluctuation of the market. An once is not active you must have paid fee already. In that case you are still making lost for placing that trade. I will advise that you place your stop lost around $4900 and place your take profit order around $5700 or there about.

[alan2here]

Yes, I've been using that strategy when I'm about to sleep and and bought a coin it's a good way to control your lose or to avoid losing at all but you should consider on where you wanted to sell your coin since you might miss the opportunity to sell it at a certain point and it goes back to the limit you've set and so you just have wasted an opportunity to earn a certain amount.

I think the reality will not happen in this scenario because investors often want to make a bigger profit from this market and certainly you will be difficult to apply this strategy.

I used to have the same thought, but when you do, everything is different and you will risk more. In my opinion, investment is often uncertain and a better plan is needed for asset management.

[sujonali1819]

It will be effective when you create a order at atleast 2-3% down from current price. So that means if you buy at $5200 then make an order at 5000-5100$. Otherwise the order will be filled very soon. Because market always up down around 1-2%  of current price. And you will lose the fees instead of any profit.

I have created a guidelines how to use stop loss buy/sell. You can read this to know better.
Link: [GUIDE] How to place stop loss sell order.

[TrevorS]

Do you think this is a good strategy:

The strategy for using stop loss is quite adequate, however, you did not take into account the fact that the exchange will charge you for the executed order,
which means that in order to break even you will need to put stop loss above the purchase level if the price shows an increase, if not - then you will be in a small minus.

[ScamViruS]

Hi all 
Do you think this is a good strategy:
I buy bitcoin by putting a stop limit at the same purchase price to lose nothing
Example: I buy 1 BTC at $ 5200 and simultaneously place a stop limit (loss) at $ 5200, if the price goes up then it's good for me but if it goes down then I would lose nothing

Thank you

This is not a good strategy. Because the Bitcoin market is very volatile. So your stoploss is likely to get hit shortly. With this strategy you will be able to profit when prices rise. And for that you have to look at the market all the time. Because your the stoploss may hit and move up the market. So always keep an eye on.

[btcholder]

If i'm not wrong you are talking abut stop-loss strategy. Well you are right about it. It's created because many people stay offline for long time and if that time coin starting go down then it'll be bad effect on your capital so it's a good strategy for not get loss when you are busy on offline. I use when i think i'm going to offline for long time and it's saved my asset from get loss couple of times though. It's a great strategy for long term trader/holder too.

[rexxarofmoknathal]

Hi all 

Do you think this is a good strategy:

I buy bitcoin by putting a stop limit at the same purchase price to lose nothing

Example: I buy 1 BTC at $ 5200 and simultaneously place a stop limit (loss) at $ 5200, if the price goes up then it's good for me but if it goes down then I would lose nothing

Thank you

Theoretically speaking you'd think that would be a great strategy but the truth of the matter is that the market volatility makes this 'strategy' completely impractical. I have tried it before thinking it should be fine but this is not trading at all and sometimes within minutes you find that the market dropped below your stop limit and now you're out of the game completely. Some people avoid this issue by going 5% on either side but then even that can be tricky!

[BuNga_cute]

It's good to use a stop limit equal to the price when we buy coins. But you play too safe in my opinion, take a little risk will be better.
Using a stop limit of 10% below the purchase price is better in my opinion. Because sometimes before the coins will pump, they will
down for correction. And if you use the stop limit strategy equal to the purchase price it is likely to lose the moment of making a profit.

[Ridwan Fauzi]

You won't be traded if there is some exchange which can allowed you to do that. There will be a minimum for stop lose at least you will lose $100 if you spend $5200 to trade.

And I just thinking if this kind can be run by all trader then there will not be a trade for suffered lose. Most of them will be profited, because they just need to set stop lose according to their capital.

If you are afraid to lose then this place is not for you, you may need to look for another place. Seem like gold is suitable for you, at least you won't be lose so much when the gold price down.

[Polar91]

Hi all  

Do you think this is a good strategy:

I buy bitcoin by putting a stop limit at the same purchase price to lose nothing

Example: I buy 1 BTC at $ 5200 and simultaneously place a stop limit (loss) at $ 5200, if the price goes up then it's good for me but if it goes down then I would lose nothing

Thank you

That's a good practice as a trader and I can say that what you're doing is right. Just one concern, stop limit and stop loss are different from one another. According to investopedia (2019), stop-limit orders are similar to stop-loss orders, but as their name states, there is a limit on the price at which they will execute. Mostly stop-limit are only available in crypto trading platform. I've tried stop loss only from stock trading platform and it's a better option for me to protect your tradea while you don't have the time to watch the market 24/7.

Source: https://www.investopedia.com/articles/active-trading/091813/which-order-use-stoploss-or-stoplimit-orders.asp

[cassavachips]

Usually, people using stop loss are at a lower price than the purchase, if it is put at the same price as the purchase, it will be easier to sell and will waste a lot of trading costs. Should consider stop loss to be important.

[Kasabus]

Usually, people using stop loss are at a lower price than the purchase, if it is put at the same price as the purchase, it will be easier to sell and will waste a lot of trading costs. Should consider stop loss to be important.

Setting stop loss will ensure that you are not losing as long as the price starts to increase. Your idea is already good enough and if you keep on doing this, you will really make profits. But i suggest to hold your coins a longer time because there are high chances that you will gain more once you see the market keeps on pumping.

[GreatArkansas]

It's a good strategy, no risk at all. But, the problem there is you should always be online since your stop loss is very close to your buying point.
(...)

That's exactly the point. No risk at all but have a good target.
And also the problem here is the fee in the exchange.

And another come into my mind is;
What if after he bought and the price went down? What will happen? If he/she will put a stop loss on the price where he/she bought then it could be like a market sell and definitely a loss on the trade depends on the price where the sell order triggered.

[Farma]

that's a good strategy. I honestly don't think about it. however, if you can make good use of that strategy, you might be able to develop greater profits. it's just, I'm not really sure because I never use bots or simulations like that. I just have a question, how do you know that after the $ 5200 price there will be an increase or decrease? there could be a decline right, and no one buys the bitcoin that you keep on the market.

[Subbir]

I think this is often an honest strategy because you'll not be harmed in any way albeit the worth rises, you'll not be hurt and fall due to your Bitcoin stop loss within a specified range If the worth goes up you'll benefit if the market goes up and you'll make tons of cash. it is a good strategy for doing business.

[Reid]

Do not be confused too much here.
Why don't you try it and let us see if you won't really lose anything.

Of course you will.
You know there is a trading fee right?
Also you cannot just leave it right there. Although you are just losing by fees here how could you win if you will just leave it?
It needs monitoring too if you want profit. This is just a safety pin.

[Salamstar]

I think this is good for protecting your balance from loss, but perhaps this stop loss is re-edited and upward so it is best to bear a little loss when setting the stop loss point at -2%, for example, until you exclude the subject of the loss a little.

[Kurokonobasuke]

Hi all  

Do you think this is a good strategy:

I buy bitcoin by putting a stop limit at the same purchase price to lose nothing

Example: I buy 1 BTC at $ 5200 and simultaneously place a stop limit (loss) at $ 5200, if the price goes up then it's good for me but if it goes down then I would lose nothing

Thank you

Yes, were both using that kind of strategy. I do a daily checking of the trading chart to monitor if has any changes on the price and if the times where the coins are in low price, it is a time to buy crypto currencies. Buying crypto currencies at a low price is a basic strategy, but we don't know that the moment we bought is not really the same amount but it go down again so that we have no choice to recover because it's a lose if we do that, the only way is to wait until the price are go up and when the rate is high it is the time that we get.