Bitcoin Forum
May 12, 2024, 05:40:37 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Other / Beginners & Help / Re: How to set a higher sell order and stop-loss order on Poloniex? on: June 28, 2022, 10:12:43 AM
Yes, it's the same with every other exchange. If your funds are already in a buy/sell offer, it's pretty much already sort of "planted" in the orderbook hence why you cant use the same funds to create a different order.

Thank you. But that's quite stupid, isn't it? Smiley

So how do the Youtubers that do swing trading do it? Do they have to sit in front of their computer all day? Smiley



OK, apparently Binance has this feature built in, an "OCO order".
https://academy.binance.com/en/articles/what-is-an-oco-order

That's fine, I was thinking of moving there anyway due to the higher volume.

Thanks everyone, think we've solved the issue! Smiley
2  Other / Beginners & Help / Re: How to set a higher sell order and stop-loss order on Poloniex? on: June 28, 2022, 08:40:40 AM
Hi guys. Many thanks for your replies! I still don't know how to do it though.

The first one is literally just a limit sell order and the second one is just a stop-loss order.
What happens is that once I place my higher sell order, the system tells me I have no more funds ie. it "takes them away" so I can't place my stop-loss order.
Can you explain more on this part? I never used Poloniex, but aren't you trying to sell an amount that you don't have hence why it's saying you have no more funds?

Assume I have 1 BTC.
I put a limit sell order for 1 BTC above the current price (this is my high target price).
Once placed, when I try to put a stop-loss order for 1 BTC at below current price (this is my stop-loss price), the system tells me I have zero bitcoin, so I can't place the stop-loss order.
To my mind, I still have 1 BTC because the limit sell order has yet to fire, but it could be that as far as Poloniex is concerned I don't have it since it is on order.

I have been playing around with charting and would like to learn about swing trading.
But I can't do it if I have to be at my computer all the time Smiley

I also asked in Poloniex chat trollbox and the mod pointed me to the futures function. That sounds far to complicated for what I need.

3  Other / Beginners & Help / How to set a higher sell order and stop-loss order on Poloniex? on: June 27, 2022, 07:16:53 PM
Hi all,

I am trying to learn about investing and trading but still a newby.

I am trading on Poloniex but do not know how to set both a higher sell order and a stop-loss order at the same time.

What happens is that once I place my higher sell order, the system tells me I have no more funds ie. it "takes them away" so I can't place my stop-loss order.

If it's not obvious, I would like to tell Poloniex:
- if price reaches X high, sell.
- if price reaches Y low, sell just below.

Think this is all standard practice, but I'm clueless how to do it.

Any ideas? Thank you!
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!