Topic: I'm stuck in my trades (Read 135 times)
Using stop in trading without margin is quite senseless.
If you have the courage then you should prepare the backup at the base price. but if you doubt you should do stop loss.
there is no other choice unless you do the best. Hold or stop.
there is no other choice unless you do the best. Hold or stop.
I'm doing scalp trading right now, and I'm stuck in my trades. Should I use Stop-Limit? How do I use it? Thank you in advance
What trading platform are you using? If you are using Bittrex go to Sell and hit Limit then there's a drop down that will allow you to choose Limit or Conditional, choose Conditional, then another drop down list will show up, select Greater than or Equal to if you want to take profit, meaning you will set a price when the system will sell. If you select Less than or Equal to, that means system will sell once the price hits your target. Lets say you selected "Less than or Equal to" 0.08000000BTC that means if the price dropped to 0.08000000BTC system will sell you coin,
If you select "Greater than or Equal to" 0.09500000BTC that means if the price continues to climb and reached 0.09500000BTC, system will sell your coin.
Here's a great read about stop loss https://steemit.com/trading/@jaggedsoft/how-to-set-a-stop-loss-on-bittrex
I'm doing scalp trading right now, and I'm stuck in my trades. Should I use Stop-Limit? How do I use it? Thank you in advance
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