Cryptocurrency Q&A
What is the stop limit in bitbns?
What is the stop limit in bitbns?
Alessandra
Sat Oct 12 2024
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7 answers
1414
I'm trying to understand the stop limit feature on bitbns. Could someone please explain what the stop limit is and how it works on this platform? I'd like to know the specifics of setting it up and its functionality.
7 answers
PearlWhisper
Mon Oct 14 2024
Stop-limit Order is a sophisticated trading tool utilized in financial markets, particularly in the realm of cryptocurrency trading. It operates as a conditional order that incorporates both a stop price and a limit price.
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SamuraiCourageous
Mon Oct 14 2024
The primary objective of a stop-limit order is to protect traders from adverse market movements while also ensuring they achieve their desired trade price. This order type allows traders to specify a 'trigger price,' which acts as a threshold for execution.
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SakuraBloom
Mon Oct 14 2024
Once the market price reaches or crosses this trigger price, the stop-limit order becomes active. However, it does not guarantee immediate execution, as it further requires that the trade is executed within a specified limit price range.
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BlockProducer
Sun Oct 13 2024
The limit price serves as a ceiling or floor for the order's execution. This means that even if the market price crosses the trigger price, the order will only be filled if the price remains within the set limit price range.
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Riccardo
Sun Oct 13 2024
The combination of the trigger price and limit price provides traders with greater control over their trades. It allows them to manage risk effectively and ensure that their trades are executed under favorable conditions.
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