Cryptocurrency Q&A
How to use stop orders?
How to use stop orders?
ShintoMystical
Wed Dec 04 2024
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6 answers
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I'm interested in learning about stop orders. Specifically, I want to understand how they work and how I can effectively use them in my trading strategy. Can someone explain the process of setting and executing stop orders?
6 answers
CryptoAlchemyMaster
Fri Dec 06 2024
A stop order operates in a specific manner when utilized in trading.
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Tommaso
Thu Dec 05 2024
Upon submission of a stop order, it is directed to the designated execution venue.
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AndrewMiller
Thu Dec 05 2024
A triggered stop order converts into a market order. This change in status generally leads to immediate execution of the order.
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Elena
Thu Dec 05 2024
The stop order is then placed onto the order book, awaiting further action.
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Valentina
Thu Dec 05 2024
It remains on the order book in this state until one of three events occurs: the stop condition is triggered, the order expires, or it is manually canceled by the trader.
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