When you're buying shit coins that have the potential to moon why don't you just set a stop loss slightly below your entry price so if it dumps you don't lose much but if it pumps you have the potential to make a lot. Is this actually a strat or am i being retarded?

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Anonymous Sat Sep 5 23:07:04 2020 No.22258817 [Reply] [Original]

When you're buying shit coins that have the potential to moon why don't you just set a stop loss slightly below your entry price so if it dumps you don't lose much but if it pumps you have the potential to make a lot.
Is this actually a strat or am i being retarded?

>>	Anonymous Sat Sep 5 23:09:26 2020 No.22258852 no stop losses on uniswap unfortunately

Anonymous Sat Sep 5 23:09:30 2020 No.22258855

Shitcoins have very wild price fluctuation. One whale can very easily dump and shift the price 10+% in an instant but such dumps are often immediately gobbled up. They are often manipulated by whales for this very reason: whales will dump a coin to make people afraid of a rugpull, others will panic sell/execute their stops, and then whales will buy the coin back up at a discount. Or, they'll suddenly pump a coin to encourage fomo, others buy in, and then they dump their appreciated bags, generating a panic sell off, etc. All of crypto is whale manipulation and a game of mental will, not of technical assistance.

>>	Anonymous Sat Sep 5 23:13:00 2020 No.22258916 >>22258852 You can make/use open source scripts for it. Just google.

>>	Anonymous Sat Sep 5 23:13:00 2020 No.22258918 >>22258855 Makes sense, thanks.

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