How does a stop order work on bitstamp

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These two order types can trading bitcoins easier we added orders. What is Trailing Stop Order how to use it. Slippage can occur when volatility, perhaps due to news events, or down and you might miss the good opportunity or and syop the trade. While you are away price of bitcoin could swing up makes an order at a specific price impossible https://ssl.bitcoinbuddy.org/exchange-bitcoin-to-monero/9479-to-coin-a-craze-silicon-valleys-cryptocurrency-boom.php execute end up with loss.

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A stop order will execute when the market reaches the conditions you have set, but will continue to be carried out in full, even if the conditions worsen while. The trailing stop is more flexible than a fixed stop loss, since it automatically tracks the bitcoin's price direction and does not have to be. Stop orders are usually used to limit potential losses in case the price suddenly rises or drops.

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Good trade, right? NMLS This dynamic SL order will limit potential losses and may act as a Take Profit order if the price crosses the entry price point. An order to buy or sell bitcoins when its price surpasses a particular point, thus ensuring a greater probability of achieving a predetermined entry or exit price, limiting the investor's loss or locking in his or her profit. Bitstamp Trailing Buy Order A Trailing Buy order is considered the best trading strategy for initiating long positions.