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RE: How to Get Over the Fear of Losing Money Trading Crypto
Thanks for this.
Good advice but the issue I always have is when moving from wallet to exchange. I hate keeping currencies in exchanges due to the risks with that. However I want to put it all in the exchange so I can setup stop loss buy orders.
Do you have a process for doing this?
Yes, the process is pretty simple. Transfer your money to the exchange, setup a stop-loss. If you can't do that, manage the money manually (you're going to lose way more money that way). Have the money in a wallet, setup a notification in Coinigy, Blockfolio, whathaveyou. When it executes, transfer all the money to the exchange, wait for all confirmations, then you can sell. I'd not do this.