Why did my order execute at a price so different from the one I saw when I placed it?
First, what it is: A stop-limit order requires you to enter a trigger price and a limit price. Once the market price reaches the trigger price, the system places a limit order at the limit price.
The logic behind it: A market order trades price certainty for the best chance of getting filled quickly. A limit order is the opposite: you control the price, but the order may not get filled.
The current price: $BTC is quoted at 83060 (24h +0.58%).
If you don't understand something, avoid taking a large position in it. Practicing with a small amount is safer.
#BTC
When markets are highly volatile, risk management comes first.
First, what it is: A stop-limit order requires you to enter a trigger price and a limit price. Once the market price reaches the trigger price, the system places a limit order at the limit price.
The logic behind it: A market order trades price certainty for the best chance of getting filled quickly. A limit order is the opposite: you control the price, but the order may not get filled.
The current price: $BTC is quoted at 83060 (24h +0.58%).
If you don't understand something, avoid taking a large position in it. Practicing with a small amount is safer.
#BTC
When markets are highly volatile, risk management comes first.