Bittrex Stop Loss did not work!
A friend and I had a stop loss on Bittrex like weve done many times before. It was for SPR at .00022000. For some Freaked up reason it did not get filled and continued to fall! Wtf wtf wtf. Has this happened to anyone else? Im really starting not to like cryptocurrencies. Complicated untrustworthy bs with no ease of use for the general public.
And yes it was set accurate on both mine and my friends. Last time I had an issue with Bittrex they never returned my email.
Increase the spread on the conditional part. When the price moves it moves in chunks, you're barely giving it any time to place the sell order in time. If the conditional sell when was .00022010 it probably would have very likely went through when the price hit .00022000. This has happened to me with the recent price dumps.
That's true, I looked at this post again this morning.....You guys got hopped over, as in someone was priced below you, the price you listed hit, their price comes up as the low....you're sell order is put in, but you're listed higher than them, so buyers bought the lower automatically in their orders. What you can do, besides leave bittrex, which I am anyway having had other issues with their interface and platform, is make it Immediate or Kill instead of Good till Cancelled, and place a lower price with a greater spread as Good till Cancelled.
I hear ya but ive had no problems in the past even on big dumps. And theoretically it says sell when equal or less than so the order should have been filling regardless. Ill give it a shot thanks.
It says that but what it really means is place the order when the price is equal or less than the conditional price. It doesn't work exactly like your normal stoploss
Ahh, I see. Could you give an example of a decent spread? Thanks for the help
I'm placing the conditional about 100 bits over the real sell price, working so far. if it passes by it again just increase it by 200 bits or so on. I'm just learning about this myself so not sure how well it will perform.
True. Thanks. Followed.
This same thing just happened to me on Bittrex with a XCP trade. I got here by googling to see if it was just me or has happened to others. My spread wasn't that small. I had the target as less than or equal to 183400 then sell at 183250. Looking at the order book this should have been a big enough spread as there were orders lined up that had much smaller price differences going all the way down (i.e. 183400 ... 183399 ... etc). First time that this has happened to me and it was very frustrating. Missed an extra 2.7% gain because of it.
Wow that is horrible! Really disheartening. Ive since changed my spread and have had no problems. I would contact them if possible, i dont like it one bit, you could lose lots of money.
LOL, what can we say, it sucks.
These things really happen @weirdheadaches
Lol. Ty @cryptopie, :) they do
Truly a bummer, maybe it's time to use a new platform. Bittrex is so limited compared to some of them, but it does have the coins I'm mostly interested in, and good volume.
Yes I hope they improve some features especially for mobile phone
My mobile trading app failed me at a vital time once....I will never trust it again for a short position.
Thanks for sharing, sorry for what happened. I learned from your experience and from the supportive comments. Great Steemians!