Topic: What to do when spot orders are not filled for a while? (Read 97 times)
Earning cryptocurrency isn't easy as we think. Everyone knows trading is risky whether it's spot trading or the future. Taking profits from market volatility is called trading. I do not agree to stake my coin anyway. Because I think it's risky than trading. Return also not high but you might lose if the market turned into a bear and your staked coin dump. Even you can't do anything during that time. Filling your order-book really depends on the market price. To fill your order the price should hit below your bid. Sometimes we need to instant buy depending on the market trend. Trading should be held on the real-time decision. For me, I never stake my coin lately although sometimes I take a break from trading.
Staking is like a long term investment which really need some years to generate revenue but spot trading needs just few minutes for the trade to be completed so how can you do the two things at the same time and I don't even know such kind of feature is available on any trading platform.
Assuming the market for the coin you're trading is liquid enough to have your order filled within minutes/seconds. If you're trying to buy or sell some obscure altcoin that trades in a very thin market, it could take a while--just like with penny stocks that trade OTC.As far as the other things OP is asking about...there are tons of services that Binance and other exchanges offer. I've looked at some on Kucoin, for example, and it's hard to know what's what and how much risk each offer entails. I'd say that the promised return on your investment, i.e., the return the exchange quotes you, is proportional to the riskiness of the service. Staking coins is a good way to earn income, but there are a lot of PoS coins that don't have a lot of liquidity and carry substantial risk as far as losing value while you're staking them. So just beware of that.
this explains well, I'm gonna try it:
https://www.binance.com/en/support/faq/09911be9f5754c34806bd3ab4a427e0e
https://www.binance.com/en/support/faq/09911be9f5754c34806bd3ab4a427e0e
Instead of just waiting for my spot orders to be filled while being in obvious pullback, I am thinking to stake my coins instead of still trading the coins during pullback evolution which is very risky.
It obviously means your spot orders could be way below the market price and given that the market is sideways sometimes. Your orders won't be filled quickly. I suggest you study the market. Know the resistance, support levels and the market trend so that you can get much better entry and exit points.Staking looks profitable right know just because the market is still bullish but wait when it's a bear market. That when you will realize how useless staking is. Imagine looking your BNB right now at $600 for an APY of 12% and then with in 6 months BNB's price drops to $200. Would you feel contented?
In Binance, there is overwhelming amount of options to invest, I stopped at Dual Investment which I don't understand yet why it's rated with high risk. Can you explain what's the risk if that strike price will be lower or higher than the actual price a particular coin will have at that date?
Do you recommend to use other Binance features for good returns during this pullback time for a particular coin?
Do you recommend also other secure platforms with higher APR/APY?
Thank you
Do not invest into something you don't know about. Please read through blogs and check out YouTube videos to learn more about the Dual investment.Do you recommend to use other Binance features for good returns during this pullback time for a particular coin?
Do you recommend also other secure platforms with higher APR/APY?
Thank you
My advice is making money isn't easy. If you are looking for profits. You have to risk and invest a lot of time into it.
Staking is like a long term investment which really need some years to generate revenue
Staking varies from days to weeks and months, depending on what duration one wants. There are options for that but just that the apy differs according to the duration.Quote
but spot trading needs just few minutes for the trade to be completed
Well, trades getting filled depends on the parameters set for them. If the parameter is high it might take days or weeks to fill. For instance, there are traders who have Bitcoin pending sell order at $80k and above. That trade won't fill until Bitcoin gets to that point. It could take days or weeks to get there. Except someone makes an error and enter a high figure in trying to send a buy at that price. We've seen that happen a lot of times.Quote
so how can you do the two things at the same time
It's a lot easy to do. Nothing special about that. Both are different trade technics.Quote
I don't even know such kind of feature is available on any trading platform.
It's better to stay out on something you aren't familiar with to avoid losses.OP, my advice to you is to get a better handle on what you intend doing. That way you will avoid the pitfalls that go with trading ignorantly. Get online tutorials on YouTube if you can't get a mentor offline.
Staking is like a long term investment which really need some years to generate revenue but spot trading needs just few minutes for the trade to be completed so how can you do the two things at the same time and I don't even know such kind of feature is available on any trading platform.
Hi,
I do daily trading (spot + USDT-futures) in Binance.
Instead of just waiting for my spot orders to be filled while being in obvious pullback, I am thinking to stake my coins instead of still trading the coins during pullback evolution which is very risky.
In Binance, there is overwhelming amount of options to invest, I stopped at Dual Investment which I don't understand yet why it's rated with high risk. Can you explain what's the risk if that strike price will be lower or higher than the actual price a particular coin will have at that date?
Do you recommend to use other Binance features for good returns during this pullback time for a particular coin?
Do you recommend also other secure platforms with higher APR/APY?
Thank you
I do daily trading (spot + USDT-futures) in Binance.
Instead of just waiting for my spot orders to be filled while being in obvious pullback, I am thinking to stake my coins instead of still trading the coins during pullback evolution which is very risky.
In Binance, there is overwhelming amount of options to invest, I stopped at Dual Investment which I don't understand yet why it's rated with high risk. Can you explain what's the risk if that strike price will be lower or higher than the actual price a particular coin will have at that date?
Do you recommend to use other Binance features for good returns during this pullback time for a particular coin?
Do you recommend also other secure platforms with higher APR/APY?
Thank you
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