wait. wait. wait more while price goes down.... but keep waiting.
ScalperDotCom
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Hi @CaptainCryptoCurrency, Thanks for Reversal Confirmation, Even if you may be right, I just hope that you're not suffering losses after buyin the top, which makes you say that.. For me, I have something called StopLoss, I have something called Risk Management too, so no worries.. Good luck Dude!
Kern_one
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"Remember, NEVER use more than 5% on any trade, and Always use a STOPLOSS."
What platform do you use to trade? I use crypto.com and it doesn't have a stoploss feature. when you say never use more than 5% what is this in reference to? 5% of what you have to trade with ?
ScalperDotCom
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Hi @Kern_one, I use Binance & Kucoin, Sorry I've never used Crypto.com before but I'm prety sure that Stoploss should be available! Check again, or contact their support to know where to find it!
5% from the total capital you have, however, it's just a reference percentage, and it change from person to person, and from trade to trade, depending on your trading strategy, the risk you want to take, your stoploss and previous exposures, so 5% would be the norm, even if the market drop by 50% you will end up losing only 2.5% (Talking about critical 50% drop).
wait. wait. wait more while price goes down.... but keep waiting.