Right way to set stop orders so they always get executed

topshelfcrypto

member

Activity: 80

Merit: 27

Quote from: jackg on January 20, 2021, 07:15:02 PM

I can think mainky of "stop limit" and "stop market" orders being a thing. You're going to want to use a stop market normally do the sell gets executed as soon as the price crosses that zone.

Thanks, I think that is what I needed to hear. Very simple. Sometimes so simple it's stupid is the thing you didn't think of.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

What exchange are you using? This often varies for many different exchanges.

I can think mainky of "stop limit" and "stop market" orders being a thing. You're going to want to use a stop market normally do the sell gets executed as soon as the price crosses that zone. If you use a stop limit, for an executoble stop, you should attempt to place the limit away from the stop (I don't know if people actually do this but the stop market is the only one that makes sense to me).

topshelfcrypto

member

Activity: 80

Merit: 27

Hello, looking for trading advice.

It sometimes (all too frequently) happens where I set a stop order, and the stop gets hit, but the order doesn't fill.

For example I just had a stop-buy in place for eth with the stop at 1355 and the buy at 1357. The stop hit, priced kept moving up but my order never got executed.

This has also happened before in stop-sell orders.

I would love for anyone to share what is the best/right/correct/most reliable way to set stop orders, or if you can point to an authoritative resources that would explain this. Thank you.

Topic: Right way to set stop orders so they always get executed (Read 70 times)