If you are still hitting market buy during aggressive momentum candles, stop right now.
Watching $BTC suddenly rip 4% in twenty minutes triggers instant FOMO, but blindly placing market orders in thin order books is how traders lose huge chunks of capital to slippage before the position even opens.
There is a constant debate between traders who insist on paying the premium for speed versus those who strictly wait for limit fills. Some argue that when Bitcoin or large caps like $ETH start running, catching the breakout with immediate execution outweighs the bad fill. But the reality during fast market surges is that the price on your screen is almost never the execution price you actually get.
Chasing speed without protecting your entry price usually leaves you holding the immediate top of a candle while liquidity providers take the other side. Setting disciplined limit orders might mean missing a rare vertical move, but it protects your downside when volatility spikes unexpectedly.
Are you still using market orders during fast breakout moves, or do you strictly wait for limit fills?
#Bitcoin #CryptoTrading #PriceAction
Watching $BTC suddenly rip 4% in twenty minutes triggers instant FOMO, but blindly placing market orders in thin order books is how traders lose huge chunks of capital to slippage before the position even opens.
There is a constant debate between traders who insist on paying the premium for speed versus those who strictly wait for limit fills. Some argue that when Bitcoin or large caps like $ETH start running, catching the breakout with immediate execution outweighs the bad fill. But the reality during fast market surges is that the price on your screen is almost never the execution price you actually get.
Chasing speed without protecting your entry price usually leaves you holding the immediate top of a candle while liquidity providers take the other side. Setting disciplined limit orders might mean missing a rare vertical move, but it protects your downside when volatility spikes unexpectedly.
Are you still using market orders during fast breakout moves, or do you strictly wait for limit fills?
#Bitcoin #CryptoTrading #PriceAction