Let's talk about take-profit and stop-loss orders.
Stop-loss and take-profit orders are both conditional orders: they aren't placed on the order book until the price reaches the set trigger price. Only then is an order placed.
Honestly, I only realized this later: once you've set a stop-loss, don't move it farther away just because it's about to be triggered. Doing so often turns a small loss into a big one.
The coin mentioned above: $BTC , quoted at 81,740, 24h -0.073%.
Every potential return comes with a corresponding risk. Make sure you understand the worst-case scenario first.
#BTC
Stop-loss and take-profit orders are both conditional orders: they aren't placed on the order book until the price reaches the set trigger price. Only then is an order placed.
Honestly, I only realized this later: once you've set a stop-loss, don't move it farther away just because it's about to be triggered. Doing so often turns a small loss into a big one.
The coin mentioned above: $BTC , quoted at 81,740, 24h -0.073%.
Every potential return comes with a corresponding risk. Make sure you understand the worst-case scenario first.
#BTC