How to Set a Stop Loss on Bittrex - Proper Way to Use Limit Order (Live Ripple Example)
Want to know how to set a stop loss on Bittrex and the proper way to use limit order? This 2018 Bittrex tutorial is a beginners guide to buying and selling alternative coins, with details on how to place stop loss and stop limit orders.
The video tutorial starts with a brief overview of the three methods to purchasing altcoins on the Bittrex platform. Then I will proceed to show you live examples of buying Ripple with Bitcoin on Bittrex. I will start with a market order, this order is purchasing directly from the order booked and will be filled immediately. Next, is a limit order, this is when we will set a limit of what you are willing to pay for that coin. Lastly, we will place a stop limit order, this order type has a price level trigger and once the market hits your trigger your order will process.
Towards the end of the tutorial video I will show you how to set a target profit taking level along with a stop loss order when selling your altcoins on Bittrex. By using stop loss and stop limit orders you are going to greatly reduce time on your computer screen whilst preventing any loss of your money and actually make profits in your sleep! So this Bittrex tutorial is not to be missed!
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🚩 Note: The following content is not financial advice, this is my own personal advice/opinion after extensive research and experience. It is highly advised that you do your own research prior to making any financial investments. Any content should not be treated as explicit financial, trading or otherwise investment advice.