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RE: Do You Want To Be a Better Trader? - The Use of Stop Loss Orders to Minimise Trading Risk

Great work @aghunter. Any thoughts on how you set your stop loss %. For crypto's would it be higher say 20% to avoid being taken out during a spike? Is there some guidance based on previous price action variance?

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I think about 15%. This is a hunch, not a proven number. I haven’t been using stop losses much up till now as I mainly trade through Bittrex and they don’t offer them. I have a binance account, so I am going to set up a portfolio there with stop losses on each trade. I’ll post the results so you’ll be able to see how it goes. 😉

I look forward to seeing your results @aghunter!