Someone asked: How do you set take-profit and stop-loss orders for a contract?
My answer: A stop-loss that executes at market price once triggered is called a stop-market order. It’s more likely to be filled, but in volatile markets, it may experience significant slippage. Set your stop-loss at a price level that would prove your analysis wrong, rather than picking a number at random based on how much you can afford to lose.
$BTC 82043.18 (+1.38%)
If anything is unclear, leave a comment.
#BTC
My answer: A stop-loss that executes at market price once triggered is called a stop-market order. It’s more likely to be filled, but in volatile markets, it may experience significant slippage. Set your stop-loss at a price level that would prove your analysis wrong, rather than picking a number at random based on how much you can afford to lose.
$BTC 82043.18 (+1.38%)
If anything is unclear, leave a comment.
#BTC