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Writer's pictureFahad H
Jun 19, 20192 min read

GDAX Stop Order Explained (Stop Loss)


An error within the video: within the cease orders, i had the cease worth and restrict worth switched. if a coin is $100 you’d set a cease worth of $99, and a restrict of $98. you’d start promoting at 99 however promote for at least 98. the 98 greenback restrict order executes as a restrict order.

so if a coin is $100 cease worth = $99 begins unload restrict worth = $98 any unsold cash then promote as a restrict order explaining the market order, restrict order, and cease order on the GDAX trade.

simply watch out with cease orders. crypto notoriously causes them to hold via with the order while you’re sleeping, promoting for much less solely due to a pair hour lengthy dip or one thing.

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