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Topic: Question about BUY stop limit orders on GDAX (Read 127 times)

newbie
Activity: 81
Merit: 0
December 20, 2017, 07:26:30 AM
#1
I understand how the GDAX stop limit sell portion works but I am a little confused on the buy side of stop limit.

Example:

BTC Bitcoin is at $15,000

If I want to buy bitcoin at $14,000 or less, what is the correct way to set up the order?

Do I enter $14,000 at in the STOP PRICE, which would enter the order into the books...

and then set the LIMIT price to $1.00?  If it is crashing I'd rather get in as low as possible.  Or do Stop BUY orders not need a limit price at all?


Thanks for your help!  Smiley
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