01-01-2021, 05:29 PM
Understanding a stop-limit order
<!-- SC_OFF --><div class="md"><p>So I'm looking to buy some crypto in short term. The exchange (Binance) offers a stop-limit order among other things, which I think is the right one for me but I'm having some trouble fully understanding it. What I'd like to do is place an order for crypto X that's trading at say 22 cents right now, buy some when it drops to 20 or below and sell it all when it goes to 25 or above. </p> <p>From the examples I've read this should be possible, though I'm still rather confused and would like to know for sure.</p> <p>​</p> <p>Any advice is appreciated, thanks in advance</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/foggyRaccoon"> /u/foggyRaccoon </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/kobnix/understanding_a_stoplimit_order/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/kobnix/understanding_a_stoplimit_order/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>So I'm looking to buy some crypto in short term. The exchange (Binance) offers a stop-limit order among other things, which I think is the right one for me but I'm having some trouble fully understanding it. What I'd like to do is place an order for crypto X that's trading at say 22 cents right now, buy some when it drops to 20 or below and sell it all when it goes to 25 or above. </p> <p>From the examples I've read this should be possible, though I'm still rather confused and would like to know for sure.</p> <p>​</p> <p>Any advice is appreciated, thanks in advance</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/foggyRaccoon"> /u/foggyRaccoon </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/kobnix/understanding_a_stoplimit_order/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/kobnix/understanding_a_stoplimit_order/">[comments]</a></span>Kind Regards R