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Title: Trailing stop or limit order? Post by: Wary on October 24, 2014, 07:57:00 AM And why?
Title: Re: Trailing stop or limit order? Post by: oda.krell on October 24, 2014, 09:47:04 AM Limit order set to effectively act as a market order. Why? Because Bitstamp :D
Title: Re: Trailing stop or limit order? Post by: fewcoins on October 24, 2014, 12:14:17 PM Once you put that order in, everyone from other traders to the actual exchanges(who are trading/manipulating) can now see what price you're willing to pay or sell at & they can work around that price to make money.
Don't put any type of order in until you're ready to make the trade... Even if it's not even close to market price at that moment (think about all the people who got liquidated overnight on margin accounts because of the drop to 275. many also lost coins/funds on the pop to 400!) Title: Re: Trailing stop or limit order? Post by: Wary on October 25, 2014, 11:32:29 PM fewcoins, oda.krell - thanks for sharing.
Yes, gone good old days of MtGox :) It seems that one have either to do all trading manually or to implement stoplosses, limit orders etc on his own computer. (And, just in case, disconnect the computer from internet ;D). EDIT: so far there is only one idiot on the poll that likes exiting by trailing stops. I can call this person idiot without fear of offending somebody, because it was my vote. :) |