Author

Topic: what happen when miss type of price (Read 91 times)

newbie
Activity: 23
Merit: 4
April 28, 2018, 10:12:06 PM
#4
if you use binance, you will be given a warning message.  I am not sure about other exchanges.
newbie
Activity: 2
Merit: 0
April 28, 2018, 09:59:50 PM
#3
thanks, understand.
another question raise ,
lets said a coin market price now is $10 and going up,   i put a stop-limit order at $8 to sell at $7.9 price is still good and going up, but some one accidentally or purposely  make a very small amount of selling at $8. will that trigger my stop-limit order to sell all my coin off at $7.9??
full member
Activity: 434
Merit: 102
Leading Cryptocurrency and Blockchain Company
April 28, 2018, 08:55:59 PM
#2
When you put a very high price by mistake,the order gets executed at that price quickly however when you place a very low price it just gets burried under the list of prices on the market at the moment and so that's why care must be taken when placing orders at our own prices rather than the market prices.It is even worse with the decentralized exchanges which use smart contracts.
newbie
Activity: 2
Merit: 0
April 28, 2018, 06:15:12 PM
#1
what happen if i miss type a very low price to sell or a very high price to buy when trading? will i simply buy or sell  in the market price at the current time? for example. if a coin is trading at $10 per coin at market price, and i place a order to buy at 1 coin $100? will i just get one coin and $100 is all gone?
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