Stop Loss Buy at Buying

Stop Loss Buy. Ad · choose between the best regulated and certified platforms to operate today. It can be defined as a sell order placed in advance for an asset to be sold when it reaches a certain price point.

In this case, the stop loss order will automatically close (liquidate) the trade by selling it if the market price reaches the level at which the stop loss is. This method is used by investors to limit his or her losses. The stop is your trigger price.

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Crypto exchanges with stop loss (sl) and trailing stop loss are great platforms to buy bitcoin and other cryptocurrencies because you can limit your potential loss by adding a protective stop order below your purchase price. For the rest of the article, we’ll focus on the long side. If the market falls after you have bought the digital asset, your sl will get triggered and the platform will automatically sell your position at a. The only difference is after selecting the trading segment, selecting scrip, and entering other details (sl price, trigger price, disclosed quantity, validity) click on the “buy” button.