When investing, you need a stop loss strategy to mitigate potential losses. We can help.
Let’s pretend that you’re investing in Asia Coin and Basic-Attention-Token. As of 1/17/2018, BAT is stopped out based on the CSI & AC is not.
You can use an CSI Stop Loss strategy on AC and remain with the cryptocurrency.
Now, what should you do if you want to hold BAT? Use a different stop loss strategy!
From the Position Card Page, navigate to the Alerts section. Then, add a VQ alert.
The VQ alert will let you hold Litecoin for a little while longer. If Litecoin gets stopped out based on the VQ, you will receive an email notice. This way, you can limit your losses and “un-limit” your gains.
Note that with a VQ trailing stop, you can choose to trail from the latest close or latest price.
Latest price is based on 30-minute intraday pricing. Latest close represents the investment’s price from midnight UTC (7pm EST / 8pm EDT).