Do you think this is a good strategy ?

[coin_1122]

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.

Setting up a stop loss is one of the best options for a trader not to lose higher amounts. Holding will also give a good amount of returns if you manage to choose the coin wisely. You are right, once the market starts recovering we might see the prices of altcoins will recover very quickly and this will ensure the growth of your holdings.

[mersal]

Without risks there is no profits,if you are willing to set the stop loss for the price you bought at then you will be paying nothing but you could end up paying trading fee every time.Lets say 1% fee for a trade and the same stopp loss you put for 10 trades then you probably lost 10% of the capital.So it is same as the level you put stop loss for $5000 when you bought cryptos at $5500.This is not really a bad strategy but this is not profitable one.

[fabiola!]

first it is not possible , if this strategy works then everyone would be rich 

even though if you put sl little less then due to volatility chances of sl hit are more , in trading to earn something you have to risk something

[cryptothreads]

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.

I don't think this strategy will succeed because it will not help you much in making a profit and this is just a trading way to secure your assets. Of course, I have tried many and certainly this is the only way for investors who are afraid of risk.

In my opinion, before buying, you should be more confident and carefully analyze that coin before deciding because the crypto market is often very volatile.

[Ucy]

Well, if your orders keep getting filled at that price you may find it hard to focus on other important things. I guess that will even cost you more fees(depending on exchange). I think you are too careful not to lose anything . You could just risk a little and aim for profit by selling at a reasonable "high".

[Twentyonepaylots]

first it is not possible , if this strategy works then everyone would be rich 

I agree this is a good strategy if and only if the price will not move down after setting a range and don't be a silly dude this strategy works but if we do it all at once it becomes useless. Get off from your mind that cryptocurrency is a way to become rich, yes it is possible but in trading? I bet you haven't see the real trading is. Well, personally I don't set a stop loss, I mean I don't have a 3rd party application for that, it only comes to my mind that if I lost than what I expected then it is for me to stop and move on.

[RapTarX]

You are going to pay a fee which will be your loss.
However, if you are trying to utilize stop loss, it's better if you select a range all the time. The range you selected will get you nothing but paying the fees over and over. I would rather use 10% loss or profit if I would be giving a try with stop loss.
The onlt strategy to make profit I have seen is DCA, it would be giving you less profit but the risk of losing is merely existed if you follow DCA properly.

[FanEagle]

That’s quite good you have nothing to lose at all, though you might be missing out on some opportunities if you keep doing that. Since stop-loss will end your trade when it hits the rate you have set, the price might quickly go up and you might feel the urge to buy when it’s already late, unless you will use the same strategy again.

This strategy cannot be used if you’re the type that starts up your trade and leave the computer, it will only be good if you’re going to be there and monitor the trade so you can set it back once it stops.

[TitanGEL]

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.

Setting up a stop loss is one of the best options for a trader not to lose higher amounts. Holding will also give a good amount of returns if you manage to choose the coin wisely. You are right, once the market starts recovering we might see the prices of altcoins will recover very quickly and this will ensure the growth of your holdings.

Setting up the stop loss is a good strategy because it can protect someones capital. Before I enter in a trade, I make sure first that I have good stop loss strategy in order to be prepared when the wave turned back to me. I trade with bias but not always that my bias is happening, we should always be prepared and it is by doing stop loss in order to lessen the risks and losses that we may incurred.

[Question123]

Your startegy that you use is good and effective to you and hoping for you to earn more money .

We have different technique that we use but we need to be careful too of what startegy we use because they have it that we don't applicable to us but for the others is effective so better to study your startegy and try it if it's effective if not make another and for that time you need to make a better to earn money for that time.

But they have times that what ever you use startegy it's not effective because of the dumping of the market.

[FanEagle]

If you put it at the same level as soon as you buy it, you may literally sell as soon as you buy it, which will cause you to never really wait. You should decide to put on something like 10%, losing 10% on bitcoin has never been a big thing, that happens all the time, and you can get in when it bottoms out after that and sell when it goes up.

For example, if you did 10% during the last drop, the price was around 7.5k last I remember, so at 10% loss that is around 6750 to sell, well it moved all the way under 5k but mainly stood around 5.5k levels for a while, if you bought at around 6k and kept it right now, you would basically recover everything and would be back on track with a profit. I know nobody wants to make a loss but when you do it this way you look fine.

[Divinespark]

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

You will lose a fee for each of your orders, so I think this is not a good form of trading because if you are in a bad situation like the current market, you will constantly cut losses. And your assets will quickly decline. It is best to learn how to view charts and trade scientifically

[CryptopreneurBrainboss]

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

I don't subscription to that strategy, assuming you were trading on an exchange that doesn't charge trading/withdraw fees than you would had have some advantage that's if you decide to neglect the few bucks you get charged for miners and service fees (used for sending the fiat to the platform where you'll buy the bitcoin).

The best strategy is just to buy, wait and sell when you see profit, in cases where you selling will be at lost, you just switch to hodling your coins and wait for greeners day ahead.

[quality.crypto]

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

You will lose a fee for each of your orders, so I think this is not a good form of trading because if you are in a bad situation like the current market, you will constantly cut losses. And your assets will quickly decline. It is best to learn how to view charts and trade scientifically

Of course, without losing fee it is impossible for us to make a profit in this market. Trading will always charge a fee, by placing an order they will not charge any fee until the order is executed. A trader will always place a stop loss in order to control looses.

[shushu9977]

Still it is good time for you, because the price of bitcoin 6000&.  I am buying bitcoin many times such as the price of 18k, 13k, 10k, 8k, 5k but I think it is also a good time for buying and it is also good time for profitable. 

[maydna]

Still it is good time for you, because the price of bitcoin 6000&.  I am buying bitcoin many times such as the price of 18k, 13k, 10k, 8k, 5k but I think it is also a good time for buying and it is also good time for profitable. 

Yes, it is a good time to buy bitcoin as we see now the bitcoin price is under $6,500-$6,000, so you can purchase bitcoin now before the price increase again. But be careful, although it is a good time to buy bitcoin, we don't know if the price will stay at that price or even increase because bitcoin price can also get down anytime. So we need to be careful and don't buy bitcoin at once and use all of the money. We need to split the money to buy bitcoin at various range prices, so we have more chances to sell bitcoin when the price increases.

[BitcoinTurk]

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, the strategy you mentioned is definitely usable and logical. Generally, although we investors are accustomed to applying stop loss after purchases, we can actually use this feature during purchases. Especially during the busy times of the market, it is possible to operate comfortably with these features without having to wait at the screen. In addition, as I mentioned, it will be possible to obtain instant profit margin by purchasing transactions in cases where buyers are very strong. Although it seems to be useless in some cases, I think the strategy you mentioned is logical and available.

[AliceWood21]

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

Good strategy is investing in IlCoin at this early stage. I bet you won't regret it.

[Btc_1856]

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

Good strategy is investing in IlCoin at this early stage. I bet you won't regret it.

A trader with this strategy will always try to secure his funds by safeguarding using the option called Stop loss. It is one of the best strategies that we need to follow in order to eliminate the loose, of course, we might lose small transaction, but we will not lose a huge amount if the price of Bitcoin drops.

[Subbir]

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 a very good strategy for business. the worth will go up and a minimum of you'll not be harmed. you'll get an honest take advantage of within the limit Following this strategy the trade-offs are very low.