Don't be afraid of correction This is not a unique phenomenon. They happen all the time. From year to year, from month to month, the situation is repeated. If the market goes way down - there is no need to panic, rush in and be discouraged. Just keep calm and analyze the situation. red market is a great way to meet your financials goals faster.
Many people wait for the market bottom. And when it comes, they wait for a second bottom, then for a the third and so on. The situation will not get better and the val will not be less but the purchase was not made. The price begins to rise, and you think: "Well, enough, I'm starting to buy" But at fact you have missed the boat and lost your extra profit. To avoid this you could use Trailing Buy option and the order will be closed with the greatest benefit.
During the correction, there is always negative news, there is a shared madness. Those who create such panic get lots of followers. It takes people's mind so they walk into this like sheep. Instead of becoming a part of the herd,it would be great if you could observe the actual state of affairs and earn on it.
Imagine that ETH is going down. You have $500 and suppose to buy ETH at the best possible price. The current rate is $430, then you can place a Trailing Buy order at $400 and set the price deviation to 10%. Trailing Buy actions are described in the following table.
Price deviation or price trailing percent: what is it for? this is the maximum deviation upward from the minimum price. Price is falling and reaches Trailing Buy level. From this moment as soon as it rises by Price deviation percent, order will be closed.
If you set Take Profit at $100 Price deviation of 10%,
The price reached $100, then rose to $105 and then fell again, the transaction remained open.
The price reached $90, then rose to $99 and then fell again, the transaction remained open.
The price reached $85, then rose to $94 and continued to rise; the transaction closed at $93.6 The difference between lowest price and the end price is greater than the deviation of 10% you indicated.
This tool is especially useful for a strong price movement in one direction, as well as in cases where it is not possible to closely monitor market’s state.
Let's get started 1 Click on SmartTrade page 2 Select an exchange 3 Select a pair 4 Set how much units you want to buy or just select Size from available amount in % 5 Check the box “Trailing buy” 6 Сhoose percentage of following
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