Excellent very excellent advice to avoid playing blind; the stop limit is very good to use to be sure not to lose the little that has been gained or what can be earned. Thank you.
Viajero Solitario
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Bullish
How to Place a Limit Order. Protect Your Capital from Slippage
Beginners often make the mistake of using the "Market Order" to sell, which means that the sale is executed at the available price at the moment, even if it is very low during a flash crash. This rush can cause slippage and make you lose potential profits. The smart and safe way to trade is with a Limit Order.
What is it?. It is a conditional instruction that you give to the platform: "Sell my asset ONLY if it reaches the price X that I defined or a higher price than that." This gives you total control over the exit point.
Advantage: It guarantees that you will not sell below the price you consider fair, ensuring the desired profitability. It’s like setting a price alarm, but with the added function of executing the sale for you automatically, even while you sleep.
If you already have some crypto in your wallet, practice now setting a Sell Limit Order (even for a small amount). Knowing how to consistently use the Limit Order is your passport to professional risk management.
Knowing this. What is your main doubt when it comes to setting the exact price on a Limit Order?
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