How to use conditional orders on Bittrex, simply explained

in #crypto7 years ago

Bittrex is a pretty simple exchange as far as features go but Bittrex does allow you some flexibility with your orders.
4.jpg

As you can see there can be 2 other types of orders. STOP LOSS and posting hidden orders on the books which will allow your orders to affect the price less.

Stop Loss

denoting or relating to an order to sell a security or commodity at a specified price in order to limit a loss.

Enjoy, Follow, upvote if you enjoyed!

BTC donate: 159rYoLUjx4LJPugULj8mLVY2JnTRD8kbQ

Mister.Baart

Sort:  

Great explanation, definitely very helpful to new users entering cryptocurrency trading.

I'm glad I could help you :D

thanks great helpful

no problem if you need something else let me know

Congratulations @mister.baart! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Good info for inexperienced investors. However there are dangers using the stoploss. When it is triggered and one is using a market order, the price could become one that you never would want to trade against. That is why, when using stop loss, always issue limit orders!