5 ms·

Are you confident it won’t go to $5? I’m not.

• factsarelolz 4y ago
  I would be very confident I could sell before it hits $5.
  • deleted 4y ago
    [deleted]
  • throwaway290 4y ago
    What if you're asleep when it falls?
    • factsarelolz 4y ago
      Uhhh you set a stop loss number. If it hits x sell. So if I was given a coin currently "worth" $15,000 for $5. I could set a stop loss of $6 and always make a profit since my initial investment was $5. Asleep, awake, doesn't matter.
      • amanaplanacanal 4y ago
        Stop losses can fail when prices are falling quickly enough.
        • factsarelolz 4y ago
          Set multiple stop losses? $6, $5.99, $5.75, etc, etc. if one fails one of the others will catch it. Hell as long as it sells before $5.01 I'm profitable. Simple as.
          • amanaplanacanal 4y ago
            That’s not how stop losses work. If things are falling fast enough, You could have one trade at $7, and the next trade at $4. Sorry, you still lost money.
            • deleted 4y ago
              [deleted]
            • alvah 4y ago
              That's how people who haven't previously been investors through a crisis think stop losses work.