|
Title: "Stop-Limit" Feature Post by: s4v4g3 on October 08, 2017, 12:50:59 AM Hello,
I'm really new to cryptocurrency trading, I've successfully made some buy & sell orders but I don't understand how the stop-limit feature works I've seen some tutorials on how to use it but it doesn't seem clear to me as a newbie Could anybody explain it in a simple way so I could trade safely? Thanks in advance. Title: Re: "Stop-Limit" Feature Post by: mk4 on October 08, 2017, 01:01:17 AM Basically you set a "trigger" price and a buy/sell price, whereas your buy/sell offer will be listed if that certain trigger price is reached. Stop limits are used just as a sort of safety net just to somewhat hopefully minimize your losses when a certain coin's price crashes.
Hopefully you can understand it better by looking at the screenshot below (from Bittrex). Look at the conditional options. https://i.imgur.com/YWMu18y.png Title: Re: "Stop-Limit" Feature Post by: Dalmar on October 08, 2017, 02:01:16 AM Hello, I'm really new to cryptocurrency trading, I've successfully made some buy & sell orders but I don't understand how the stop-limit feature works I've seen some tutorials on how to use it but it doesn't seem clear to me as a newbie Could anybody explain it in a simple way so I could trade safely? Thanks in advance. Limits are mainly used to grab a good deals.Let's take stop loss or take profit which both are considered as stop limits.First one is closing the position in case of determined loss and other way for second one. Title: Re: "Stop-Limit" Feature Post by: In the silence on October 08, 2017, 02:05:48 AM Basically you set a "trigger" price and a buy/sell price, whereas your buy/sell offer will be listed if that certain trigger price is reached. Stop limits are used just as a sort of safety net just to somewhat hopefully minimize your losses when a certain coin's price crashes. I dont understand too how it works but this post made me realize how the stop limit works, thank you mate.Hopefully you can understand it better by looking at the screenshot below (from Bittrex). Look at the conditional options. https://i.imgur.com/YWMu18y.png I will try this later, and seems like i can go outside using this. |
