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David Holt 🌴
@IDrawCharts
Replying to
@SBF_FTX
and
@SBF_Alameda
Makes sense now. And since it's a limit order, by default it will be attempting to limit buy at 9600 ad naseum, however since BTC is a 24 hour market... price should not be able to jump so long as there is a limit order on the books? Unless trading was paused for some reason.
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le roi
@xbtroi
Replying to
@xbtroi
and
@SBF_Alameda
Would be sweet to be able to use both stops on the same position without using extra margin, ie Stop-Limit >9600, Stop-Market >9651. Reduce-only option would be required so the stop-market doesn't trigger if limit bid fills.
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₿-Eazy 💥
@cryptoeazy
Replying to
@SBF_FTX
and
@SBF_Alameda
well in your scenario, yes. if you place a stop at 9600, your order turns into a market once it's triggered. so it should get you out at whatever is best available, regardless of what it is. but yes you should use a stop-limit if you want to avoid that and cancel.
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ichi
@ichimikichiki
Replying to
@SBF_FTX
and
@SBF_Alameda
A: It doesn't say if this was a market or limit stop. B: Are you talking about placing a market order in the order queue, and then pulling it out of the queue? C: How are you that illiquid to encounter $300 of slippage?
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