Stop loss orders possible at Bitstamp?

[CoinArtist]

Is it possible to set up something like that?

Not really sure how to sleep otherwise.

[MAbtc]

Nope. I wish I could place a stop loss. Can't on Bitstamp, BTC-E or Gox as far as I know. Maybe on Bitfinex? Anyone know? You can trade with leverage there... maybe you can place stop loss order.

[xybersurfer]

i don't think stoploss orders will be good for the bitcoin economy. it makes things even more volatile. especially when people go "stop hunting".

[Sevvero]

Get the QtBitcoinTrader software. It will allow you to set a stop loss order at specific price. It doesn't allow percentage drops yet though. Maybe in the future. They had a thread on bitcointalk as well!

[Maciek]

Is there 1 exchanger who offers STOP LOSS ?

[nahtnam]

Sorry for being a noob here, but what is a stop-loss order?

[Maciek]

Stop Loss

If the current rate is lower than 300 USD per 1BTC:
execute:
sell ALL BITCOINS at 290USD

So When the price collapse I don't loose money




the same is possilbe with USD:
if USD collapse I may buy more BTC

[torontocoinexchange]

Good Definition.

[Gator-hex]

Sorry for being a noob here, but what is a stop-loss order?

It a sign to the market that says "just take my money"

Seriously they can see stop orders waiting on the order book and they use low liquidity of overnight markets to go stop hunting!

Also stops do not guarantee a price that they sell at, unless you buy stop insurance (a guaranteed stop) which costs a fortune, so nobody does.