Bitcoin Forum
June 23, 2024, 01:51:32 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Enter & Exit via the Sell Side  (Read 255 times)
Jetheat (OP)
Jr. Member
*
Offline Offline

Activity: 85
Merit: 7


View Profile
May 08, 2017, 08:57:40 PM
 #1

I hear traders saying, "I enter or exit via the Sell Side".

What do they mean?

JH
pipoman
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
May 08, 2017, 09:40:29 PM
 #2

I have not heard this saying, but it makes sense to me in this way: a trader can enter a trade by placing a limit buy order below the current price, this will be filled when selling is going on. This makes sense because you will incur the maker fee, which is less than the taker fee (incurred when you place a market order).

Exit via the sell side: if you are long on a position, do not market close the order, set a sell order to close your position for the size of your current position that you want to close. Again in this case you will not incur the high taker fee, but the lower maker fee, thus increasing your profits (as long as it was a profitable move, of course).

I hope this helps  Wink its my first post here.
Jetheat (OP)
Jr. Member
*
Offline Offline

Activity: 85
Merit: 7


View Profile
May 08, 2017, 09:44:41 PM
 #3

Thanks, but I think he was talking about some other meaning.

He says he always prefers to enter and exit via the sell side.

Could that mean that he prefers to take the market order to enter?

Or could there be another meaning which would make entering and exiting via the sell side better?

JH
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!