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: 💥🦎 DEEPLIZARD COMMUNITY RESOURCES 🦎💥 👀 OUR VLOG: 🔗 👉 Check out the blog post and other resources for this video: 🔗 💻 DOWNLOAD ACCESS TO CODE FILES 🤖 Available for members of the deeplizard hivemind: 🔗 🧠 Support collective intelligence, join the deeplizard hivemind: 🔗 🤜 Support collective intelligence, create a quiz question for this video: 🔗 🚀 Boost collective intelligence by sharing this video on social media! ❤️🦎 Special thanks to the following polymaths of the deeplizard hivemind: yasser Prash 👀 Follow deeplizard: Our vlog: Twitter: Facebook: Patreon: YouTube: Instagram: 🎓 Other deeplizard courses: Reinforcement Learning - NN Programming - DL Fundamentals - Keras - TensorFlow.js - Data Science - Trading - 🛒 Check out products deeplizard recommends on Amazon: 🔗 📕 Get a FREE 30-day Audible trial and 2 FREE audio books using deeplizard’s link: 🔗 🎵 deeplizard uses music by Kevin MacLeod 🔗 🔗 ❤️ Please use the knowledge gained from deeplizard content for good, not evil.