Cryptocurrency Q&A
Should I use a stop or stop limit?
Should I use a stop or stop limit?
RobertJohnson
Sat Nov 09 2024
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6 answers
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I'm trying to figure out whether I should use a stop order or a stop limit order for my trading. I want to understand the differences between them and which one would be more suitable for my needs.
6 answers
GeishaCharm
Mon Nov 11 2024
In contrast to other order types, a stop order doesn't require you to wait for a specific price to be hit; it acts as a safety net.
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Martino
Mon Nov 11 2024
Another variant, the stop-limit order, allows you to set both a stop price and a limit price. This ensures that if the stop price is reached, your trade will only execute at or better than your limit price.
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PhoenixRising
Mon Nov 11 2024
A stop order is a useful tool in trading, especially when your priority is exiting a position rather than focusing on the exact price.
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Caterina
Mon Nov 11 2024
While a stop-limit order provides more control over the execution price, it doesn't guarantee that your trade will be filled. market conditions could prevent the order from being executed entirely.
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AndrewMiller
Mon Nov 11 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to different trading needs. Among them are spot trading, futures trading, and a secure wallet service. These services make it easier for traders to manage their positions and execute various strategies.
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