Buy bitcoin with limit order
A stop-limit order is an order to place a regular buy or sell order also known as a "limit order" when the highest bid or lowest ask reaches a specified price, known as the "stop. Suppose you bought LTC at a price of 0. It's now at 0. You've made some profit, but you're feeling good about LTC and think it has nowhere to go but up.
At the same time, you're aware that crypto is volatile, and that tomorrow's headline "Mt. How can you hold your LTC, but make sure you get out if a crash comes? Place a stop-limit order with these parameters:.
Then click "Sell" in the stop-limit box. A confirmation box will come up telling you what will happen: You now have some protection. You're holding your LTC, but if the price crashes to 0. As with a regular sell order, your coins will be sold at the best possible price; so, if you want to be sure your coins get sold, set the limit price even lower.
Your limit price does not have to be lower than your stop. If you anticipate a dead cat bounce to 0. This will cause a sell order at 0. Suppose XPM has crashed to 0. It's low, and it's a good time to buy those XPM you've been wanting. But you think it isn't done crashing, and would like to wait for it to go even lower before buying.
Still, you could be wrong, and want to be sure you don't miss out on buying if a whale comes along and pumps the price to the moons of Neptune. Then click "Buy" in the stop-limit box. Now, you can watch the price plummet as bagholders wail in despair. But if you're wrong and the price skyrockets, you'll automatically buy in when the lowest ask reaches 0. As with the sell-type stop-limit order, you can place your limit anywhere you want. If you want to bet on a downtick after the price hits 0.
This will cause a buy order at 0. If this is all too much to remember, just try entering some numbers in the stop-limit box and clicking "Buy" or "Sell. We've detected that you're using a small display. Exchange Margin Trading Lending. Sign in or Create an Account to start trading. Stop-Limit Orders A stop-limit order is an order to place a regular buy or sell order also known as a "limit order" when the highest bid or lowest ask reaches a specified price, known as the "stop. The stop-limit box has three inputs: Stop - think of this as the "trigger price.
If you place a stop-limit order to buy, it will turn into a regular limit order when the lowest ask raises to or exceeds the stop. Limit - this is the same thing as the "Price" on a regular buy or sell order. Once your stop-limit order has been triggered by the highest bid or lowest ask reaching your stop price, it turns into a buy or sell order for the price you enter in the limit field. Amount - this is the same as the "Amount" on a regular buy or sell order.
It indicates the amount of coins you wish to buy or sell should your stop-limit order be triggered. Let's go over some examples. Selling Suppose you bought LTC at a price of 0. Place a stop-limit order with these parameters: Buying Suppose XPM has crashed to 0. News Press Releases Twitter.
Then wait for market to move in your chosen direction. Traders Cockpit a proficient equity market screener an impressive analysis tool which mines humongous amount of data that helps retailer, analyst trader game virtual stock game designed expose baby boomers community view more chartnexus analyzer first online screening. Not sure buy bitcoin with limit order. Image screenshot from Binance Exchange.