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Cryptocurrency Trading / Re: Too difficult to trade in the market
« on: August 07, 2018, 04:31:49 AM »It is very difficult to choose altcoin to trade every day. I usually buy altcoins that have fallen 10-20% in price for several weeks and after I buy we put my profit from 5% to 10%. But after the goal, altcoin prices continue to decline and no signs of recovery. I do not know how to trade in this situation
We cannot just have a perfect trading strategy but we can have risk management which is to always have a stop loss when trading so that when the price continue to go down, you can just sell it and if you can see signs of recovery, you will be able to buy it again. The mistake of some traders is to continue holding for upward movement. You need a hundred percent price recovery when you lose half of its value so it needs more buyers.