How does setting a limit price on Scottrade affect the execution of cryptocurrency trades?

3 answers

• Nov 28, 2021 · 3 years ago
  Setting a limit price on Scottrade for cryptocurrency trades allows you to specify the maximum price at which you are willing to buy or sell a particular cryptocurrency. When the market price reaches or exceeds your specified limit price, the trade will be executed. This ensures that you do not buy or sell at a higher price than you are comfortable with, providing you with more control over your trades.
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• Nov 28, 2021 · 3 years ago
  When you set a limit price on Scottrade for cryptocurrency trades, it's like setting a target price for your trade. If the market price reaches or goes beyond your limit price, the trade will be executed. However, if the market price never reaches your limit price, the trade will not be executed. It's a way to ensure that you buy or sell at a specific price, but there's no guarantee that the trade will actually happen.
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• Nov 28, 2021 · 3 years ago
  Setting a limit price on Scottrade for cryptocurrency trades is a useful strategy to protect yourself from unexpected price movements. It allows you to set a price threshold at which you are comfortable buying or selling a cryptocurrency. When the market price reaches your limit price, the trade will be executed. However, keep in mind that the execution of the trade is still subject to market conditions and liquidity. It's important to regularly monitor the market and adjust your limit price accordingly to increase the chances of your trade being executed.
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