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RE: Trading NOT selling STEEM | Finding my trading style
I agree on using the TP and SL, but for low value coins, it depends. Some coin may get a huge spike ... to the ground
I agree on using the TP and SL, but for low value coins, it depends. Some coin may get a huge spike ... to the ground
That is precisely why you use Stop Loss... I was holding a shitload of Wings and I went to sleep leaving it well after halfway to my TP all green all nice...
I woke up and saw that Binance announced it would be de-listed, checked the charts, it had dropped 25% in minutes.
Since it had build a weak support slightly above my entry price i had moved the SL there before going to sleep and actually made a small profit when the stop loss kicked in.
Exactly that's how it works!