Thanks those videos help a lot. Are you using the StopLimit Sell function on coinigy? Im not sure how it works.
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Thanks those videos help a lot. Are you using the StopLimit Sell function on coinigy? Im not sure how it works.
Nope, I dont use stops.. ever.. Ill talk about stops in an upcoming video and discuss how to get out of a bad trade... But since I rarely see a bad trade, its not a big deal if I ever get in one ..
I am a newbie and i must say this video, after watching has got me fired up.Can't wait to see more videos where you are going to be explaining different scenarios.Also, i would like to know, on a daily basis, how do you decide what coin you are trading or looking up its charts, like what are the things to look at before considering reading up the charts of a coin.Thanks for the good work you're doing
Thanks for the answer, but stuff like GDAX where people lost a lot of money because their ETH was sold for 0.10 Cents, was because they havent used stop limit? Im not sure. How can I prevent that from happening.
Oh my, where to start..
well, first, thats a crazy flash crash that is rare..
second, if you did buy a dip off that broken support, you would be quite happy no matter where you bought because the price returned right back to $300 in a few minutes.. But if you had set a stop you would have gotten stopped out at a low price and would be crying in your soup.
Third, you never get too big in any position, so if the unthinkable ever happens you will still be ok.. only trade 10% of your account at any given time if your worried about getting struck by lightning.