What is your trading strategy when you sleep.

[Francisco87 651]

Hello friends, I have been trading cryptocurrencies for a short time and I have a doubt that many newbies could benefit from it, I would like the most experienced to give me their opinion on how they act when they go to sleep, because if they place a purchase order and the currency goes down they lose a lot of money. I personally, while I am not near the monitor, I change my currencies to a stable one but I would like to know if there is a better strategy?...

[riazpakistani 911]

4 minutes ago, Francisco87 said:

Hello friends, I have been trading cryptocurrencies for a short time and I have a doubt that many newbies could benefit from it, I would like the most experienced to give me their opinion on how they act when they go to sleep, because if they place a purchase order and the currency goes down they lose a lot of money. I personally, while I am not near the monitor, I change my currencies to a stable one but I would like to know if there is a better strategy? ...

Dear @Francisco87 as I am not started trading yet. So I have not much idea about this.

But one thing I get to know about that what do to while sleeping is to change currency into stable one. 

Thank for sharing your thoughts dear.

 

[koynayak 1923]

I've been trading for a long time . I think the best strategy when you're going to sleep or when you don't have a time to check your assets you should set up a stop loss. if you don't know how to do that you can check youtube this is the best way to keep your assets safe because sometime your coin might go down so hard .

[Wanderdark 2178]

If you are doing margin trading or futures, sleeping on an open position is always very risky. especially if you manage your stops wrongly. Place your stops and take profits in correct places. You can always search for information on the web or learn it by your own experiences. Also, using bots while you are sleeping is a good way to gain low risk income. It is especially more profitable in bull markets and there are some free trading bot applications in your mobile app store. Have a nice evening and good luck. 

[Francisco87 651]

21 hours ago, Wanderdark^ said:

If you are doing margin trading or futures, sleeping on an open position is always very risky. especially if you manage your stops wrongly. Place your stops and take profits in correct places. You can always search for information on the web or learn it by your own experiences. Also, using bots while you are sleeping is a good way to gain low risk income. It is especially more profitable in bull markets and there are some free trading bot applications in your mobile app store. Have a nice evening and good luck. 

Thank you for your information, I am currently trading in Yobit and it does not have a robot or at least that I know of, if there is one to operate on that platform, I would appreciate it if you could tell me, greetings...

[ETheHedgehog 3104]

i generally don't keep any orders over my sleep, and most of the times i would just cancel it before i sleep, i like to be able to react to any price movements when trading so i tend to just finish all my trades by the end of the day and call it.

9 minutes ago, Francisco87 said:

Thank you for your information, I am currently trading in Yobit and it does not have a robot or at least that I know of, if there is one to operate on that platform, I would appreciate it if you could tell me, greetings...

i believe they have something like this, check out the robotrade tab in the top left

[Princedave04 43]

21 hours ago, Wanderdark^ said:

If you are doing margin trading or futures, sleeping on an open position is always very risky. especially if you manage your stops wrongly. Place your stops and take profits in correct places. You can always search for information on the web or learn it by your own experiences. Also, using bots while you are sleeping is a good way to gain low risk income. It is especially more profitable in bull markets and there are some free trading bot applications in your mobile app store. Have a nice evening and good luck. 

Please can you suggest a good bot application to minimise loss during night trading, I have similar experience some weeks ago while doing margin trading, I lost some profits due to changes in prices of crypto currency. 

[Aurangzaib 465]

If you are a reliably beneficial broker you ought to have the option to leave your exchange set up and rest, Whether you are a full-time or low maintenance dealer, the rest ought to rotate around your methodology. After picking your ideal market hour, make an appropriate timetable, and set aside a few minutes for better rest. This will permit your body to change following a sleep time plan and enhance day by day exchanging meetings.

[abd1992 960]

On 11/19/2020 at 10:18 PM, Francisco87 said:

Hello friends, I have been trading cryptocurrencies for a short time and I have a doubt that many newbies could benefit from it, I would like the most experienced to give me their opinion on how they act when they go to sleep, because if they place a purchase order and the currency goes down they lose a lot of money. I personally, while I am not near the monitor, I change my currencies to a stable one but I would like to know if there is a better strategy?...

You can use the stop loss system, meaning you can place an order in the event that the currencies fall to a certain level, you can sell them while you are asleep, and if the currencies go up, they remain with you as well.

[Liliz 529]

The only strategy you can do whenever you feel that you need to get yourself some sleep while trading is to set a "Take profit" ...when your target hits the designated "Take profit" mark, it automatically stops and when you wake up, you get to see it yourself . This is one of the easiest thing to do in order not to miss the point of taking the right profits and it is also advantageous for traders that are interested in profiting from a quick bump in the security costs. Also you don't have to worry about manually executing a trade by yourself. 

[Mwangi 5611]

Some of us have not come to know of the robotrade on yobit but the truth is this is one tool that can you some tones of money so keep trying to use it you define how you enter and how you exit and the percentage profit to it you keep on growing with it and you dont have to try anything manually 

[Barbarellah 2225]

Actually what I do is diversify my movements to stay in a safe zone, I generally change 50% of my assets to USDT, which is a stable currency, using the same method and the other 50% I distribute by placing buy-sell orders programmed to act when the values reach my predictions. On the other hand I also use the robot trade or Copy Trading function to maximize my profit chances while taking a break.

[velasco19 1753]

It depends on the type of trader you are, for example scalpers do not leave open operations when they sleep, in the case of Day Traders they usually put a stop loss at certain prices according to their previous analysis and let the market make its movements.

[Jromz 2158]

Well, I try not to leave open intra-day tradings while I'm sleeping but when I do so, I find a quite useful tool in this cases is the OCO order, short for one order cancels the other. In short, this type of order allows you to set both a take profit and a stop loss at the same time, and if one order gets trigger, this automatically cancels the other. This means that either of the orders may get executed while you sleep.

[Edwinvicky 819]

On 11/19/2020 at 9:18 PM, Francisco87 said:

Hello friends, I have been trading cryptocurrencies for a short time and I have a doubt that many newbies could benefit from it, I would like the most experienced to give me their opinion on how they act when they go to sleep, because if they place a purchase order and the currency goes down they lose a lot of money. I personally, while I am not near the monitor, I change my currencies to a stable one but I would like to know if there is a better strategy?...

As a experienced trader, so many things you can do when about to sleep, firstly, I only use yobit and she has no stop loss, its either buy/sell button. Now if a coin in yobit is going up and you intend to buy and wants to sleep but its keep going up, i advice you hold your funds or place order at lower price in case it later dump at lower price. But if you already purchased the coin and wants to sleep, just place order at higher price in case it goes up and it will sell for you before you wake. You can only convert your funds to stable coins e.g USDT or USD if the coin you want to buy keep going down and down, you could buy stable coin and when you wake you buy the coin at lower price.

[Cryppro 1008]

You can even us the stop loss because if you are at the situation like the price can even go up and down then you can choose the target point and the stop loss price then even if the price goes high you can book profit and if it touched stop loss then you won't get any loss. So, use this feature and you will safe your cryptocurrenies while trading at night.

[Sofia Bravo 704]

The truth is I recently started to generate some money but what I am doing at the moment is putting them in inverbox and it is generating a daily percentage of coins

[Izeal 4404]

At first I used to trade only when I am confirmed like I used to fix all the stop loss and the target level in the beginning of the trading which has helped me a lot because even if we got loss then we have control over it. So, first learn technical analysis to analyze the price then you can trade even swing and even in a sleep.

[scorpiali 5626]

For now the best trading strategy is to use the robots trading in yobit exchange it's easy to use and fast, you can really earn and get profits when you sleep because you can't all the time be face on your laptop and watch the price 

[Dark_Sky 8489]

Man we are only humans and we need to take a rest but we can watch the flow and changes in price when we woke up again. It's okay to miss the opportunity especially when there's a thing that more important to do with that. Don't be greed to have too much also prioritize your health. 

[Amna Hareem 1213]

On 11/20/2020 at 1:18 AM, Francisco87 said:

Hello friends, I have been trading cryptocurrencies for a short time and I have a doubt that many newbies could benefit from it, I would like the most experienced to give me their opinion on how they act when they go to sleep, because if they place a purchase order and the currency goes down they lose a lot of money. I personally, while I am not near the monitor, I change my currencies to a stable one but I would like to know if there is a better strategy?...

I think you don't keep any oder when you sleep you just have to hold your funds because if you know that prices are going upward and downward then don't take any risk. I am only using yo bit and there is no loss stop method from yo bit you can easily buy or sell coins. For me its not difficult because  I am only using yobit.

[Danial baba 112]

It is more especially profitable trading. When trading so I tend to just finish all my trades and is to set take profit your target and a certain  level. The best strategy when you are going to sleep or when you do not have a to check your assets you should set up a stop loss.

[buttler88990 619]

Our business strategy is that if we can do a good job here, our business will improve if we can do something good.  Hopefully we can move forward well. We get a lot from here. Through our business we can come up with a lot of ideas.

[fanylu 505]

Good topic, I am a newbie and I have started trading for a very short time but the best thing when you go to sleep is to use the stop lossy system and you can place an order while you sleep or simply close your trade before sleeping and then when you wake up you continue trading.

[1up88 51]

Hello! The best thing you can do before going to sleep is to review all your trades and leave the stop loss set, I recommend tabtrader, which is an application that you can download to your cell phone and also leave alarms to be better monitored. Many successes!
Cheers!