Someone asked about this, so I’ll explain it here.
How do you set take-profit and stop-loss orders for futures?
Both stop-loss and take-profit orders are conditional orders: they won’t enter the order book until the price reaches the trigger price you set. Once triggered, the order is submitted.
It’s best to set a stop-loss at the price that would prove your judgment wrong, rather than picking an arbitrary number based on how much you’re willing to lose.
$BTC is currently at 82250.01.
Does everyone understand this now?
How do you set take-profit and stop-loss orders for futures?
Both stop-loss and take-profit orders are conditional orders: they won’t enter the order book until the price reaches the trigger price you set. Once triggered, the order is submitted.
It’s best to set a stop-loss at the price that would prove your judgment wrong, rather than picking an arbitrary number based on how much you’re willing to lose.
$BTC is currently at 82250.01.
Does everyone understand this now?