WHAT IS THE POINT OF A STOP-LIMIT ORDER? I can't fucking understand why it would be preferential over a regular limit order.
Why would you want to activate an order ONLY when it reaches a certain price? How is doing that ANY better than just making a regular order for the price you want to buy/sell at?
Stop loss
its a normal stop loss that just places a limit instead of a market order. How is that so hard to grasp?
The stop is so that you stop losing money in whatever direction you dont want it to go.
The limit is, it will set a limit after the stop is activated so that say, Bitcoin is crashing and you stop it at 16000. When that activates you have 16000 dollars and a limit is set at 10,000, you will now buy bitcoin when it reaches 10,000 dollars if it continues to crash.
>you make a trade
>it goes south because you are a brainlet who cant read charts
>coin does a -90% confido move
you are left with heavy bags
If you had a stop loss, you would sell your bags if the coin does a -10%
Don't use it; it's for tryhards.
Can be used to buy on breakouts or on confirmation of trends/formations
>When that activates you have 16000 dollars and a limit is set at 10,000, you will now buy bitcoin when it reaches 10,000 dollars if it continues to crash.
But how is that advantageous over a regular limit sell order?? Why not just do a regular limit sell order for 10,000?
for uptrends
>you think a coin is going to moon hard soon
>your meme lines told you if it passes a certain threshold price, it will go up for sure
>the coin will be bought automatically upon this conditions being met
trailing stop losses are dynamic and follow the price
>dubs of lies
dont listen to this retard
Sorry I mean buy order
>>your meme lines told you if it passes a certain threshold price, it will go up for sure
Right so basically it's for TA guys. Now that I can understand, even though I don't think TA works with crypto.
its insurance in this wild world of scams and volatility, they protect profits. Learn them use them dont get Confidoed, Litecoined or Digibyted
If the current price is 15000 and I put a normal limit sell order for 10000 that order will go through right away because there will be buy orders above 10000. If it’s a stop limit then the order only gets placed once the price hits 10000 so it won’t go through right away
sell stop >is the lowest price you would sell for
stop loss is for weak hands
iron hands dont use sell stop s
sell limit is the lowest price you
Right ok that’s making some more sense now, still not sure if I’ll ever use it or not but cheers user.
Why don't you just buy it then?
were you both dropped as children? Its literally retarded not to use stop losses if you can. Oh that's right this is biz, where everybody sells the dips
Honestly I can just hardly see a scenario where using a stop is preferential. Say BTC is 10k, I wanna buy at 8k. Why not just put a regular limit buy order for 8k? What is the point of adding an intermediary stop at 9k?
have fun getting fucked by the next confido
a stop loss is not a buy order m8. if you think that a coin you bought is going to uptrend, but you're not confident in it. set a stop loss so that you automatically sell if the coin drops a certain % or reaches a certain price. That way, if it continues up, you hold the coin, but if the price starts to drop, you sell before you lose too much
LEAVE NEOW FAGGOT
Conditional buy orders only make sense if you want to buy at a breakout and wouldn't want to buy otherwise. Conditional sell order is to stop losses obv
Ok I'm starting to see some new uses for it, thanks.
if you do not know the great security a stop limit offers (for stop loss, of course), then you should just leave crypto markets.
How am i supposed to figure out the top to set a stop-loss
For instance, i expect btc to break 20k in the next few days. My problem is will the top by 22k? 25k? 30k? 50k?
Im scared of stoploss because i don't see it any different than trying to time the top by a market sell. I'm guessing this is where I'll have to do some meme lines?
If everyone could "figure out" exact entry or exit points we'd all be rich.
The thing is not everyone can be glued to the charts 24/7 like us.
Well then that ultimately brings me back to my point, in my mind I wouldn't see any difference in arbitrarily picking a point.
The only thing i will say is setting a stoploss might make me less prone to emotion trading
because it hasnt passed the threshold. fucking Veeky Forums i swear
I don't really know what I'm doing but I used it yesterday like this:
OMG was going up rapidly but I had not researched the coin. So I bought in and set and removed stop-loss at 10% below the current value while it was rising. I got out with 15% gains a little below the top.
Brainlet here, is this how a stop-limit works?
Coin trading at 200 sats after a moon mission.
sell stop at 180, limit at 170 means that if it goes below 180 my sell starts, and will sell if it hits 170, but only then? What happens if the STOP is initiated but the price goes back above 180?
It places the sell order but the order is never filled.
That is the proper use. However, it's not as useful with Crypto since prices are incredibly volatiles.
Thanks m8.
>However, it's not as useful with Crypto since prices are incredibly volatiles
..Shouldn't it be incredibly useful then, because it is so volatile?
Say youre up from a pump want to sell at break even if it dumps over night
>Stop at 95% of buy in
>Limit at 100% hoping it will rebound to break even point before tanking further.
There are many shitcoins that dump 50% in an hour and then reach new ATH an hour later. It's dangerous to use stop loss for a coin that you want to stay invested in.
>There are many shitcoins that dump 50% in an hour and then reach new ATH an hour later. It's dangerous to use stop loss for a coin that you want to stay invested in.
Yeah it's dangerous to trade shitcoins at all. I didn't advocate it, I just explained it, brainlet.