Frank and Crytpo CowBoy explain how and why to use Stop Losses to protect a trade. We use Binance and Bittrex as examples, but you should be able to apply the concepts on many exchanges.
(If you can't figure it out on a particular exchange, try looking through their help documents for info.)
We'll be doing some videos about this in the future, but here's a link to get you started with stop losses.
LINK: Article on how to set a "stop loss" on Binance. CLICK HERE. (We'll do a video on it as soon as possible, but this will get you started.)
About Time Frame for Trades:
- Very Short Term- up to 24 hours
- Short Term- 1-7 days
- Mid Term- 1-3 weeks
- Long Term- 3+ weeks