TIP: If you want your stops to hit, make sure to put 1 contract at triggerprice
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Replying to @CryptOrca
Why do you need a trigger price when you could just put a normal order? Won't they both get fulfilled?
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Replying to @NeateLee
if you want a trigger stop sell you need to put a limit buy below market to get stops hit.
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Replying to @CryptOrca
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
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Replying to @NeateLee
1/2 market trades @ 1000 and you wanna bail at 900. So you place your stops: trigger = 910 and limit sell = 900.
1 reply 2 retweets 6 likes -
Replying to @CryptOrca @NeateLee
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.
2 replies 2 retweets 7 likes -
Replying to @CryptOrca @NeateLee
Excellent tip that I had not heard/read before (<-- noob). Thanks to you both for asking the question and providing the explanation!
1 reply 0 retweets 1 like
cheers
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