Trading - Advanced Order Types with Coinbase

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Buy side stop-limit order | Crypto trading strategy for buying a breakout

October 7, 2017 by


What is a buy side stop order, and how can we use it? Buy side stop orders are buy orders that have a stop price. The stop price is a trigger that allows either a market or limit order to be placed when triggered. We want to use limit orders to protect ourselves from paying arbitrary prices not determined by us. Buy side stop orders allow traders to buy breakouts automatically, without writing code. Using stop orders in this way, gives traders more optionality. If the asset's price falls, no losses are incurred. If the asset's price starts to move higher, the trader jumps in when the order is triggered. Buying on conditions opposed to buying instantly, provides more optionality in general and provides structure to a trading strategy. Let's have a look: Human image source: Follow deeplizard: YouTube: Twitter: Facebook: Steemit: Instagram: Support deeplizard on Patreon: Support deeplizard with crypto: Bitcoin: 1AFgm3fLTiG5pNPgnfkKdsktgxLCMYpxCN Litecoin: LTZ2AUGpDmFm85y89PFFvVR5QmfX6Rfzg3 Ether: 0x9105cd0ecbc921ad19f6d5f9dd249735da8269ef Recommended books on trading: --Beginner-- Real Money: --Intermediate-- The Daily Trading Coach: --Advanced-- The Black Swan: Antifragile: Skin in the Game: Coinbase sign up (You get $10 in BTC & we get $10 in BTC): GDAX playlist: Crypto hardware wallets: Ledger Nano S: Trezor: