What are the best practices for using till or til in cryptocurrency trading?

3 answers

• Dec 16, 2021 · 3 years ago
  One best practice for using 'till' or 'til' in cryptocurrency trading is to set specific time limits for your trades. By determining the duration of a trade in advance, you can better manage your risk and avoid potential losses. For example, you can set a 'till' order to automatically close a trade after a certain period of time if it doesn't reach your desired profit level. This can help prevent emotional decision-making and improve your overall trading discipline.
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• Dec 16, 2021 · 3 years ago
  Using 'till' or 'til' in cryptocurrency trading can also be beneficial for setting stop-loss orders. By setting a 'till' stop-loss order, you can define a specific price level at which you want to exit a trade to limit your potential losses. This can be particularly useful in volatile markets where prices can fluctuate rapidly. It's important to regularly review and adjust your stop-loss orders to ensure they are still aligned with your trading strategy and risk tolerance.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we recommend using 'till' or 'til' orders in cryptocurrency trading to take advantage of short-term price movements. These types of orders allow you to specify a time frame during which your order will be active. This can be useful for traders who want to capitalize on short-term price fluctuations or execute trades during specific market conditions. However, it's important to note that 'till' or 'til' orders may not be suitable for all trading strategies and should be used with caution.
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