“Rule number one is never lose money. Rule number two is never forget rule number one.”
My minimum goal for every swing trade I enter is 10% profit. I don’t always set stop-losses or stop-limits, but when I do (overnight holds, plays against general market sentiment, large positions, etc.), 10% is my loss threshold, and I recommend those just starting out utilize the “10% Rule,” as I’ll call it, until gaining experience. The “10% Rule” will help minimize exposure and leverage until you become more comfortable with the heavy swings in the cryptosphere. If comfortable with . . .
