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The Water Cooler
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Best crypto strategy???
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<blockquote data-quote="918evo" data-source="post: 3656303" data-attributes="member: 6001"><p>There are different types of automated orders, trailing stop based on a dollar amount, one based on percentage, a limit that sells when it hits at a certain dollar amount(these don't always work), and a stop market that sells at the next available price once your $ limit is hit. The one I was referring to is a trailing stop-loss order that sells when the position is however much you choose% lower than its peak. I'm not sure about crypto, but most platforms allow these types of GTC(good til canceled) orders to lock in profits or limit loss.</p></blockquote><p></p>
[QUOTE="918evo, post: 3656303, member: 6001"] There are different types of automated orders, trailing stop based on a dollar amount, one based on percentage, a limit that sells when it hits at a certain dollar amount(these don't always work), and a stop market that sells at the next available price once your $ limit is hit. The one I was referring to is a trailing stop-loss order that sells when the position is however much you choose% lower than its peak. I'm not sure about crypto, but most platforms allow these types of GTC(good til canceled) orders to lock in profits or limit loss. [/QUOTE]
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