Let’s talk about take-profit and stop-loss orders.
A stop-loss order 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.
One thing many people overlook: it’s best to set your stop-loss at a price that proves your judgment was wrong, rather than picking an arbitrary number based on how much you’re willing to lose.
In one-way position mode, you can select “Reduce-Only” when placing take-profit and stop-loss orders. This prevents a conditional order from opening a new position in the opposite direction if your position has already been closed.
By the way: $BTC is quoted at 81659.99, down 0.32% over the past 24 hours.
A stop-loss order 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.
One thing many people overlook: it’s best to set your stop-loss at a price that proves your judgment was wrong, rather than picking an arbitrary number based on how much you’re willing to lose.
In one-way position mode, you can select “Reduce-Only” when placing take-profit and stop-loss orders. This prevents a conditional order from opening a new position in the opposite direction if your position has already been closed.
By the way: $BTC is quoted at 81659.99, down 0.32% over the past 24 hours.