Trading - Advanced Order Types with Coinbase

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#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. 💥🦎 DEEPLIZARD COMMUNITY RESOURCES 🦎💥 👉 Check out the blog post and other resources for this video: 🔗 https://deeplizard.com/learn/video/rFX7OJDtKbg 💻 DOWNLOAD ACCESS TO CODE FILES 🤖 Available for members of the deeplizard hivemind: 🔗 https://www.patreon.com/posts/27743395 🧠 Support collective intelligence, join the deeplizard hivemind: 🔗 https://deeplizard.com/hivemind 🤜 Support collective intelligence, create a quiz question for this video: 🔗 https://deeplizard.com/create-quiz-question 🚀 Boost collective intelligence by sharing this video on social media! ❤️🦎 Special thanks to the following polymaths of the deeplizard hivemind: Peder B. Helland 👀 Follow deeplizard: Twitter: https://twitter.com/deeplizard Facebook: https://www.facebook.com/Deeplizard-145413762948316 Patreon: https://www.patreon.com/deeplizard YouTube: https://www.youtube.com/deeplizard Instagram: https://www.instagram.com/deeplizard/ 🎓 Other deeplizard courses: Reinforcement Learning - https://deeplizard.com/learn/playlist/PLZbbT5o_s2xoWNVdDudn51XM8lOuZ_Njv NN Programming - https://deeplizard.com/learn/playlist/PLZbbT5o_s2xrfNyHZsM6ufI0iZENK9xgG DL Fundamentals - https://deeplizard.com/learn/playlist/PLZbbT5o_s2xq7LwI2y8_QtvuXZedL6tQU Keras - https://deeplizard.com/learn/playlist/PLZbbT5o_s2xrwRnXk_yCPtnqqo4_u2YGL TensorFlow.js - https://deeplizard.com/learn/playlist/PLZbbT5o_s2xr83l8w44N_g3pygvajLrJ- Data Science - https://deeplizard.com/learn/playlist/PLZbbT5o_s2xrth-Cqs_R9- Trading - https://deeplizard.com/learn/playlist/PLZbbT5o_s2xr17PqeytCKiCD-TJj89rII 🛒 Check out products deeplizard recommends on Amazon: 🔗 https://www.amazon.com/shop/deeplizard 📕 Get a FREE 30-day Audible trial and 2 FREE audio books using deeplizard’s link: 🔗 https://amzn.to/2yoqWRn 🎵 deeplizard uses music by Kevin MacLeod 🔗 https://www.youtube.com/channel/UCSZXFhRIx6b0dFX3xS8L1yQ 🔗 http://incompetech.com/ ❤️ Please use the knowledge gained from deeplizard content for good, not evil.