In 5 weeks on Binance, I lost almost $35 on futures copytrading (I closed most of the positions myself, not waiting for a plus) and earned $1.75 on both types of copytrading. I spent the rest of my investment on buying $BTC $ETH $SOL on a decline and placed it on deposits.
I don't plan to open new futures copy trading accounts - I've made my conclusions. I'm still keeping the current one, maybe I'll develop a relationship with this leading trader.
During this time, I studied basic indicators and finally decided to start independent spot trading with $20. I have already closed three positions with a profit of +5-7%, based on the studied indicators. Two more are waiting for growth. I learned to curb my greed and am training on minimal amounts.
But I still haven't figured out the stop-loss, and it's making me nervous. Tell me how to set up an order correctly? For example, I buy a coin for $5, I want to sell it for $5.25 (+5%), but if it drops to $4.90 (-2%), I want to minimize losses. What type of order should I choose and how to set it up? I would be grateful for your advice!
