I set a stop-loss, so why did the actual execution price still end up so far from the price I set?
This is how I understand it: a stop-loss is best set at a price that would show your thesis is invalidated, rather than picking a number at random based on how much you're willing to lose.
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 can experience significant slippage.
My current habit: once I’ve set a stop-loss, I 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.
Current price: $BTC Current price 73530.53, 24h -0.36%.
I can’t guarantee I’m right—use your own judgment.
This is how I understand it: a stop-loss is best set at a price that would show your thesis is invalidated, rather than picking a number at random based on how much you're willing to lose.
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 can experience significant slippage.
My current habit: once I’ve set a stop-loss, I 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.
Current price: $BTC Current price 73530.53, 24h -0.36%.
I can’t guarantee I’m right—use your own judgment.
