What is a buy side stop order, and how can we use it? Buy side stop orders are buy orders that have a stop price. The stop price is a trigger that allows either a market or limit order to be placed when triggered. We want to use limit orders to protect ourselves from paying arbitrary prices not determined by us.
Buy side stop orders allow traders to buy breakouts automatically, without writing code. Using stop orders in this way, gives traders more optionality.
If the asset's price falls, no losses are incurred. If the asset's price starts to move higher, the trader jumps in when the order is triggered. Buying on conditions opposed to buying instantly, provides more optionality in general and provides structure to a trading strategy.
Let's have a look: https://youtu.be/m0y3jqYkkG8
Submitted October 07, 2017 at 11:51PM by deeplizard http://ift.tt/2gk1rs8
No comments:
Post a Comment