Trading - Advanced Order Types with Coinbase

with deeplizard.

#6 Sell side stop orders | Trading on Coinbase Pro - GDAX

December 27, 2017 by

Description

In this video, we are going to look at stop orders. A stop order is a market order with a stop price, and this stop price determines when the market order is submitted to the order matching engine. Like limit orders, stop orders have 2 parameters that affect their behavior. Limit orders have “the side of the order” and “the limit price location on the book”. Stop orders have “the side of the order” and “the stop price location on the book”. Like we saw with limit orders in our previous video, we still have 4 permutations when dealing with stop orders. The difference is that we have a stop price instead of a limit price. It’s important to note that stop orders can have a limit price as well, but when stop orders have a limit price, we call these order types stop limit orders. Similarly, when we are talking about a stop order without a limit price, we could say this is a stop market order, but stop market orders are usually just referred to as stop orders. A stop order is just a market order with a stop price. A stop limit order is just a limit order with a stop price. Follow deeplizard: YouTube: https://www.youtube.com/deeplizard Twitter: https://twitter.com/deeplizard Facebook: https://www.facebook.com/Deeplizard-145413762948316 Steemit: https://steemit.com/@deeplizard Instagram: https://www.instagram.com/deeplizard/ Support deeplizard on Patreon: https://www.patreon.com/deeplizard Support deeplizard with crypto: Bitcoin: 1AFgm3fLTiG5pNPgnfkKdsktgxLCMYpxCN Litecoin: LTZ2AUGpDmFm85y89PFFvVR5QmfX6Rfzg3 Ether: 0x9105cd0ecbc921ad19f6d5f9dd249735da8269ef Recommended books on trading: --Beginner-- Real Money: http://amzn.to/2pDaf15 --Intermediate-- The Daily Trading Coach: http://amzn.to/2pA7Uni --Advanced-- The Black Swan: http://amzn.to/2GjusT4 Antifragile: http://amzn.to/2IKOvbn Skin in the Game: http://amzn.to/2pwbTBo Coinbase sign up (You get $10 in BTC & we get $10 in BTC): https://www.coinbase.com/join/5934c12567d6760847b9a8dd GDAX playlist: https://www.youtube.com/playlist?list=PLZbbT5o_s2xr17PqeytCKiCD-TJj89rII Crypto hardware wallets: Ledger Nano S: http://amzn.to/2FZGP7y Trezor: http://amzn.to/2FZHs0U