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Topic: trading : stop limit option (Read 177 times)

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Activity: 168
Merit: 100
September 12, 2017, 03:39:21 AM
#1
hello  Cheesy

How do we work with stop limit?
Let's say you bought a lsk at 49732, and did not sell even though the price rose in your belief that the price will continue to rise to highs. It is now priced at 73077, although you are the winner in the deal but you do not want to sell now because you put great confidence in currencies and expect them at higher prices. But Trader knows that the market may collapse at any moment and the price will collapse.
The best solution is to put the selling price in stop limit as follows:
Stop: 72800
Limit: 72799
In this case the robot will sell at 72799.
The question is why you set stop at a low price on the current price
thank you all for reading and be patience  Kiss
have a good day  Cheesy
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