Bitcoin Forum

Economy => Speculation => Topic started by: Jon on February 13, 2012, 04:06:51 AM



Title: IGNORANCE: Can you have your position auto-liquidate upon certain profit?
Post by: Jon on February 13, 2012, 04:06:51 AM
The question is in the title. This is with Bitcoinica.


Title: Re: IGNORANCE: Can you have your position auto-liquidate upon certain profit?
Post by: RyNinDaCleM on February 13, 2012, 04:09:36 AM
Isn't that something a bucket shop does? Bitcoinica isn't supposed to be a bucket shop.  ::)

Did it happen to you?


Title: Re: IGNORANCE: Can you have your position auto-liquidate upon certain profit?
Post by: trogdorjw73 on February 13, 2012, 04:10:54 AM
The question is in the title. This is with Bitcoinica.
You can set up a limit buy for when the price hits the desired profit. So if you have a sell order at $5.8 and you want to make $0.80 you can set a limit buy at $5.0.


Title: Re: IGNORANCE: Can you have your position auto-liquidate upon certain profit?
Post by: Jon on February 13, 2012, 04:12:46 AM
The question is in the title. This is with Bitcoinica.
You can set up a limit buy for when the price hits the desired profit. So if you have a sell order at $5.8 and you want to make $0.80 you can set a limit buy at $5.0.
Alright, I questioned if that would work if I didn't have all of my balance in positions. Thanks.


Title: Re: IGNORANCE: Can you have your position auto-liquidate upon certain profit?
Post by: RyNinDaCleM on February 13, 2012, 04:14:20 AM
...or maybe I misunderstood.

I thought you meant a forced liquidation.  :P