Which trailing stop strategy, trailing stop quote or trailing stop quote limit, is more commonly used by professional cryptocurrency traders?

5 answers

• Feb 18, 2022 · 3 years ago
  Professional cryptocurrency traders commonly use the trailing stop quote strategy. This strategy allows traders to set a specific percentage or dollar amount below the current market price at which their stop order will be triggered. It provides flexibility and helps protect profits by automatically adjusting the stop price as the market price increases. Traders find this strategy effective in capturing gains while still allowing for potential upside.
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• Feb 18, 2022 · 3 years ago
  Trailing stop quote limit is another popular strategy among professional cryptocurrency traders. This strategy combines the features of trailing stop quote and limit orders. Traders can set a specific percentage or dollar amount below the market price, and once the stop price is reached, the order is converted into a limit order. This strategy helps traders lock in profits and also allows them to set a specific price at which they want to sell.
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• Feb 18, 2022 · 3 years ago
  From my experience at BYDFi, I've observed that professional cryptocurrency traders tend to prefer the trailing stop quote strategy. It offers more flexibility and adaptability to changing market conditions. However, it's important to note that the choice of trailing stop strategy ultimately depends on the individual trader's trading style and risk tolerance. Some traders may find the trailing stop quote limit strategy more suitable for their specific needs.
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• Feb 18, 2022 · 3 years ago
  In my opinion, both trailing stop quote and trailing stop quote limit strategies have their merits. The choice between the two depends on the trader's goals and preferences. Trailing stop quote allows for more dynamic adjustments to the stop price, while trailing stop quote limit provides a predetermined selling price. It's advisable for traders to experiment with both strategies and determine which one aligns better with their trading objectives.
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• Feb 18, 2022 · 3 years ago
  Trailing stop quote and trailing stop quote limit are both commonly used by professional cryptocurrency traders. The choice between the two strategies depends on the trader's risk appetite and market conditions. Trailing stop quote is more flexible and adjusts the stop price based on market movements, while trailing stop quote limit allows traders to set a specific selling price. Both strategies can be effective in managing risk and maximizing profits in the volatile cryptocurrency market.
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