Hello.
So the only option to limit loss is, a stop-limit. However - seeing as Binance has the same maker and taker fees. I would like a stop-market!?
once my stop gets triggered I want the best price available.. I don't want to set a limit, potentially lower than it needs to be - Just.In.Case there is a seriously fast crash and my stops don't have time to fill.
stop price:
If the last price drops to or below to it,
limit price:
you can set this below in your stop priceLet's have an example on QKC/BTC: If you will set your
stop price at
870satoshis, then it will trigger if the price drops or below to
870satoshis.
You can set your
limit price to
865satoshis so even if there are buy orders on
866satoshis-869satoshis, it will execute on the nearest price.
Meaning, if there are buy orders in
869satoshis, your stop loss will trigger and will sell it automatically to
869satoshis.
More info here: https://support.binance.com/hc/en-us/articles/115003372072 or https://www.youtube.com/watch?v=oe1IAVqJonI