Topic: stop loss and take profit (Read 380 times)
Actually i am not familiar with bitget because i do not have used it yet but i want to share that using stop loss and set some special order is better to beaten your collapse it never matters that in which platform you are involved it will always give you profit and i have heard that bitget has provided insufficient profit to its users.
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I am also agree with that. I also wouldn't suggest any newbie to waste their money on the lure of a little offer. If I am talking about the exchangers then Binance is on the top of list and on the others hand bitget is on 82th place. It is natural to understand what the difference between the exchanger at number one and the exchanger at 82th will actually be source . I would also suggest to the op that if there is a possibility of loss for that cause then do trade on Binance without taking risk. 
If you are a newbie and asking these questions I would highly suggest going to Binance, they have a much easier setup that you can use plus they are the most used one and that is why they are considered the best. I know that bitget could offer something to you to attract customers but the reality is that we are in a world where crypto is a risky thing and it will be quite tough to keep it going like that for a long time.
Just erase the fact that marketing looked great on bitget, and go to Binance and see how much easier it is and know that it is much safer there at the same time as well, there is a reason why they are number one and others are not.
I agree. Binance is just way too awesome for a newbie to ignore, if you keep on looking for places that offer something extra and you are tricked by it, there is a good chance you could be tricked by a scamming website eventually too. Stick with Binance and do not work with any other place, that way you could be certain that you are going to make a profit.Just erase the fact that marketing looked great on bitget, and go to Binance and see how much easier it is and know that it is much safer there at the same time as well, there is a reason why they are number one and others are not.
I mean the best thing about the current situation is that we could end up with a good profit in the long run. The situation is that we can't really be exactly sure if the places we work with are good or not, and Binance is, meaning bitget could be decent, but why risk it with that when you have a better option?
Dear in future trades stop loss and book profit works very well you should always go with them to avoid high volatile market run as to avoid losses, i would like to say in Binance and other pro trading apps you can make Take profit to be split on different price tags and same thing you can do with the Stop loss, it will highly increase your post efficiency. Sometime in worst cases of a trade these small tools help a lot to avoid losses and if price increase for minimal time there these Stop position books profits for you.
He know these things already but what he wants to use for now is the spot trade because it has a running promotion but the problem is that the spot trade on bitget doesn't have a stop loss and take profit feature. Not a pro trader here but I think it is always possible to trade manually without using those tools not unless if he is too busy to not monitor the price actively but if that is the case then he can just forget this promotion.I am sure that the earnings he will be getting in this promotion will still be earned in a regular way of trading. If not now then it can always be done soon as soon as he greatly improves his skills in crypto trading.
Better to make an execution with the stop loss and take profit with the futures trading because in spot trading you only make a simple trade of limiting the orders where you will make a buy or sell with your assets. Also if you want to learn more in crypto one of the most underrated to use platforms is with the use of the binance academy. and if you want to make an execute a trade why not use first with the paper trade of the trading view. The OP-given platform is not known to me and Binance is the most recommended I guess.
If you are a newbie and asking these questions I would highly suggest going to Binance, they have a much easier setup that you can use plus they are the most used one and that is why they are considered the best. I know that bitget could offer something to you to attract customers but the reality is that we are in a world where crypto is a risky thing and it will be quite tough to keep it going like that for a long time.
Just erase the fact that marketing looked great on bitget, and go to Binance and see how much easier it is and know that it is much safer there at the same time as well, there is a reason why they are number one and others are not.
Just erase the fact that marketing looked great on bitget, and go to Binance and see how much easier it is and know that it is much safer there at the same time as well, there is a reason why they are number one and others are not.
And is it possible with the sell limit orders in bitget to open a trade that is like a bybit stop loss?
also last question it seems that is not possible to do trailing stop loss in bitget spot, right?
Sell limit doesn't mean stop loss it simply means If the price gets to that limit it should open a sell trade for your account. It is used basically when you miss out of a new trend and you still believe there will always be a retracement and so you place a sell limit so that once the retracement occurs you simply join the sell from there.also last question it seems that is not possible to do trailing stop loss in bitget spot, right?
I haven't used bitget platform for trading before so i don't know if trailing stop is available on their spot trading option
I am confused whether are you shilling bitget exchange or want to learn about stop loss.
Your skepticism aren't wrong because I've read multiples of his posts only talk about bitget, though there's a thread he asked about which exchange is good, no one recommend bitget, but now in this thread he's still talking about bitget and didn't care anything with anyone suggestions.I think sooner or later, we will see another thread in this section that mention bitget again
Hello I have about 4 dollars in litecoin in bitget
Hi, I would like to start copytrading with Bitget and I have a couple of questions.
So the alternative I was thinking about was to make the transfer to another exchange and then transfer the balance from that exchange to bitget.
Lately I have been using bitget futures, and I was using take profit and stop loss orders.
Hi I wanted to use bitget spot as they seem to have a promotion that allows you to trade commission free.
Lately I have been using bitget futures, and I was using take profit and stop loss orders. But it seems that bitget spot does not have these take profit and stop loss options.
But watching a video of how limit orders work in bitget...I understand that the sell limit orders in bitget spot perform the same function as bybit take profit...or am I wrong?
And is it possible with the sell limit orders in bitget to open a trade that is like a bybit stop loss?
also last question it seems that is not possible to do trailing stop loss in bitget spot, right?
Lately I have been using bitget futures, and I was using take profit and stop loss orders. But it seems that bitget spot does not have these take profit and stop loss options.
But watching a video of how limit orders work in bitget...I understand that the sell limit orders in bitget spot perform the same function as bybit take profit...or am I wrong?
And is it possible with the sell limit orders in bitget to open a trade that is like a bybit stop loss?
also last question it seems that is not possible to do trailing stop loss in bitget spot, right?
Simple answer no. Because stop loss and take profit feature is for futures trading that requires open position to activate this kind of feature. There’s an alternative feature for spot trading that works like this which is the conditional order like like trailing stop buy and sell.
You need to buy first on spot before you can set limit buy and sell order that works like stop loss and take profit but trailing order is what you can use to have a range buy and sell on spot.
And is it possible with the sell limit orders in bitget to open a trade that is like a bybit stop loss?
also last question it seems that is not possible to do trailing stop loss in bitget spot, right?
Well, I hope you could find an answer to that but I encourage you to even know more about this exchange. However, even you will say it is already on its feature, I have to say that I give no interest in this site as I'd rather stay to the exchanges that I feel secured.
I've never heard this platform but I'll give you my answer to that. Spot which I do believe, doesn't have any stop loss or take profit because you could sell or buy a coin in any price you want, leave it there after you made a trade and automatically it will be executed for you. Spot and futures has so many differences, the stop loss and take profit feature that futures has is because to avoid too much risk of liquidation, which is spot doesn't have.
While trading on the trading platform you must keep all aspects in mind while trading.Never make a mistake in trading platform if you make a mistake you will lose all your funds.Always use stop loss. One of the most important aspects of trading platforms is to use stop loss.If you can trade using stop loss then there is no possibility of you losing money on the trading platform.I would say you should always use stop loss in trading platform.
Hi I wanted to use bitget spot as they seem to have a promotion that allows you to trade commission free.
Lately I have been using bitget futures, and I was using take profit and stop loss orders. But it seems that bitget spot does not have these take profit and stop loss options.
Though I don't use bitget but I guess the App has it, but seem you are unable to identify the button in the App, Too I guess that the issue you're facing is how to use it or maybe the kind of device you are operating makes it a bit confused for you to use it on the bitget exchange, this could be due to the fact that every exchange has their different user interface. I suggest you try using it on a PC to see if you gonna face same challenge.Lately I have been using bitget futures, and I was using take profit and stop loss orders. But it seems that bitget spot does not have these take profit and stop loss options.
But watching a video of how limit orders work in bitget...I understand that the sell limit orders in bitget spot perform the same function as bybit take profit...or am I wrong?
And is it possible with the sell limit orders in bitget to open a trade that is like a bybit stop loss?
Stop lose and take profits orders are the same all over every exchange, if you are a bit confused with how to navigate the process go watch more YouTube video tutorial on that and you will be fine with using it. And is it possible with the sell limit orders in bitget to open a trade that is like a bybit stop loss?
I am confused whether are you shilling bitget exchange or want to learn about stop loss. I haven't heard previously about bitget exchange and how it works. Stop loss should work the same way for all exchanges. Usually, we use stop loss to prevent loss during the huge dump. When hit stop loss token will be sold, so even more dump you won't lose your portfolio. However, I am not lucky on stop loss, once I set stop loss then the token price bump after hitting stop loss.
With my knowledge in trading, i don’t think that stop loss and take profit are the same with buy limit or sell limit, the first ones is levels you set for your order to stop with loses or profits, the others are level to set on a preorder and the price on the time you set you limit order didn’t reach that level. And bybit is a large big platform i think they should have both features as they welcome many traders daily.
Your explanation is right on stop loss and take profit. That aside, limit orders are for intending orders that you want to enter for buy or for sell. They are good but their disadvantage is that they can trigger an order for you and price will continue the direction against you and you start losing your trade. Anyway it is used especially when you won't be able to monitor the trigger.
Dear in future trades stop loss and book profit works very well you should always go with them to avoid high volatile market run as to avoid losses, i would like to say in Binance and other pro trading apps you can make Take profit to be split on different price tags and same thing you can do with the Stop loss, it will highly increase your post efficiency. Sometime in worst cases of a trade these small tools help a lot to avoid losses and if price increase for minimal time there these Stop position books profits for you.
With my knowledge in trading, i don’t think that stop loss and take profit are the same with buy limit or sell limit, the first ones is levels you set for your order to stop with loses or profits, the others are level to set on a preorder and the price on the time you set you limit order didn’t reach that level. And bybit is a large big platform i think they should have both features as they welcome many traders daily.
Well, if they don't have that feature then you'll have to accept that fact or maybe they are planning to add it in the future. For Binance they have these so-called "Stop-Limit" and "Trailing Stop" for the spot market and if you are using the app even on mobile it has description on what are the usage of these features.
Hi I wanted to use bitget spot as they seem to have a promotion that allows you to trade commission free.
Lately I have been using bitget futures, and I was using take profit and stop loss orders. But it seems that bitget spot does not have these take profit and stop loss options.
But watching a video of how limit orders work in bitget...I understand that the sell limit orders in bitget spot perform the same function as bybit take profit...or am I wrong?
And is it possible with the sell limit orders in bitget to open a trade that is like a bybit stop loss?
also last question it seems that is not possible to do trailing stop loss in bitget spot, right?
I wasn't really familiar with this platform. Maybe that kind of complaint or whatever it is must be sent to their support system for verification as certainly they would answer it as long as they legally operated or that something they need to change on their platform. Perhaps, it was a lesson for you to do thorough research before using this platform. It is a must to be more familiar with it or else, you will just realize that you fall into the wrong platform. Lately I have been using bitget futures, and I was using take profit and stop loss orders. But it seems that bitget spot does not have these take profit and stop loss options.
But watching a video of how limit orders work in bitget...I understand that the sell limit orders in bitget spot perform the same function as bybit take profit...or am I wrong?
And is it possible with the sell limit orders in bitget to open a trade that is like a bybit stop loss?
also last question it seems that is not possible to do trailing stop loss in bitget spot, right?
I think you need to check, maybe you just miss it, it happens all the time.
You can set as many as possible closing limit orders to favour both stop lose and take profit, but on some exchanges,
This is surely a way of losing. Many orders or clustered kinds of options leads to confusion and op looks like a newbie may not be able to handle it. Staying with few understandable options is better.Jump to: