HOW TO MAXIMIZE PROFIT AND REDUCE LOSES IN CRYPTO TRADING.

It is very important to note that everyday is not Christmas in crypto world. It's either you do Christmas for people or they do for you.

It is also crucial to know that your profit is some people lose and your loss will be someone gain too. Such is life in crypto world.

Profit is the reason why we come to trade crypto but loss is inevitable too. Some have not even record gain since they started trading crypto. But those that knows the rule of the game on the other record little or no loss.

You can maximize your profit and at the same time reduce your loss if you can make use of stop limit order.

This tool help in reducing loses. At the same time it help to increase profit. It depend on the purpose you want it to serve at a particular time.

TO REDUCE LOSS: let assumed you buy 50 syscoin at rate of 0.00087 btc but it just pop to your mind that the price might still drop more or in all indications, there is no tendency of the price going up soon, you can place a stop limit.

Example:
STOP: 0.00086 or 0.00085 btc
LIMIT: 0.00085 or 0.00084 btc
AMOUNT: 50 because you have only 50sys and you may wish not to sell everything at that price. You may sell 10 out of the 50. It all depends on your choice.

TO MAXIMIZE PROFIT: Assuming you bought at 0.00087 btc and the market price is now 0.00092 btc (you have gained already) but you still feels the price can still move up. Just click on stop limit order.
Example:
STOP: 0.00091 btc
LIMIT: 0.00090 btc
AMOUNT: 50

ANYTIME THE MARKET PRICE DROPPED BELOW WHAT YOU SET. THE TOOL WILL AUTOMATICALLY SELL IT.

If the price fall further, you are safe. And if the price come back again to increase even if  x1000 you are not taking part of the profit. It is as simple as that.