What is the trailing stop limit percentage for cryptocurrencies?

3 answers

• Nov 24, 2021 · 3 years ago
  The trailing stop limit percentage for cryptocurrencies is a tool used in trading to protect profits and limit losses. It works by setting a percentage below the current market price at which a stop order is triggered. This stop order then becomes a limit order, which means it will only execute at a specific price or better. The purpose of the trailing stop limit percentage is to allow traders to capture gains as the price rises, while also protecting against significant price drops. By adjusting the trailing stop limit percentage, traders can customize their risk management strategy.
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• Nov 24, 2021 · 3 years ago
  When it comes to cryptocurrencies, the trailing stop limit percentage is a way to automate the process of selling a coin when its price starts to decline. It works by setting a percentage below the highest price reached by the coin since you bought it. If the price drops by that percentage or more, the trailing stop limit order will be triggered and the coin will be sold. This allows traders to lock in profits and protect against potential losses. It's a useful tool for those who want to actively manage their cryptocurrency investments.
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• Nov 24, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a trailing stop limit feature that allows traders to set a percentage below the current market price at which a stop order is triggered. This feature helps traders protect their profits and limit their losses. By setting a trailing stop limit percentage, traders can automatically sell their cryptocurrencies if the price drops by a certain amount. It's a useful tool for those who want to actively manage their investments and take advantage of market movements.
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