Cryptocurrency Q&A How to stop loss in Bitvavo?

How to stop loss in Bitvavo?

ShintoBlessing ShintoBlessing Thu Oct 10 2024 | 6 answers 1846
I'm experiencing losses in Bitvavo and I'm looking for ways to stop them. I need advice on strategies or measures I can take to prevent further loss of funds in this platform. How to stop loss in Bitvavo?

6 answers

CryptoPioneer CryptoPioneer Sat Oct 12 2024
After selecting your market, you will need to choose whether you want to place a Buy or Sell order. Click on the appropriate option to proceed.

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lucas_clark_artist lucas_clark_artist Sat Oct 12 2024
Next, select "Stop Limit" as your order type. This order type combines the features of a stop order and a limit order, allowing you to specify both a trigger price and a limit price for your trade.

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EmeraldPulse EmeraldPulse Sat Oct 12 2024
Now, enter the price at which you want the stop limit order to be triggered. This is the price per digital currency that, when reached, will activate the order and execute a trade at or better than the limit price you specify.

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GyeongjuGloryDays GyeongjuGloryDays Sat Oct 12 2024
To place a stop limit order, start by navigating to the "Advanced" section of your trading platform. This will provide you with access to more advanced order types, including stop limit orders.

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Margherita Margherita Sat Oct 12 2024
Once in the "Advanced" section, locate the market you wish to trade on. This is typically found at the top left corner of the screen. Select the relevant market by clicking on it.

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