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/biz/ - Business & Finance

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2853770 No.2853770 [Reply] [Original]

Do you guys set stop losses before going to bed?

What is a good percentage down to set a stop loss at?

>> No.2853797

>>2853770
It depends, are you a dumbass that just market buys randomly?

You're meant to buy at support levels and set your stops just under them, not some random %.

Though I would say 5-10% to cut losses. More than that is hard to bounce from. Really depends what kind of buy you did.

If you fomod and bought dgb at 30%+ just now, you would lose more than 10% probably on the down swing, but you'd definitely get it back if you held for a while. Again, can't just be some random %.

>> No.2853855

You need to realize why whales love stops, how volitile most of these coins are, and where support levels are at before you place a single stop order.

>> No.2854715

>>2853770
Stop losses are dangerous as big fast swings can sell your product well below market. Why not move assets to more stable coins like BTC or ETH or LTC before bed?

>> No.2854725

>>2854715

>STABLE

JUST.

>> No.2854738

Yeah so you can sell your eth at 10 cents because of an exchange fuck up no thanks I'll just spend 20 hours a day in front of the monitor watching my coins