Why do you need a trigger price when you could just put a normal order? Won't they both get fulfilled?
-
-
-
if you want a trigger stop sell you need to put a limit buy below market to get stops hit.
-
But as the market drops to desired trigger price would that just sell as a normal order? Am I being stupid, I don't see the difference
-
1/2 market trades @ 1000 and you wanna bail at 900. So you place your stops: trigger = 910 and limit sell = 900.
-
2/2 If market dumps and there is no buy order in the book at 910 your stops wont be triggered. Thats why you put a limit buy of 1 at 910.
-
It triggers if the highest bid is <(=) 910, you don't need to place an order there.
-
what if there is no highest bid, like when orders get pulled ?
-
Every single order on the book would have to get pulled for there to be no highest bid
- 2 more replies
New conversation -
-
-
please explain
-
if triggerprice isnt in orderbook stops wont activate and woodchipper just moves on.
-
this is a great tip.
End of conversation
New conversation -
-
-
i always scoffed at ppl who put retardedly low buy orders. now i understand.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.