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RE: Steemit Crypto Academy | Season 3 Week 8 - Risk Management in Trading by @small-ville
Hi @small-ville
Thanks for participating in the Steemit Crypto Academy
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Correction
Sell Limit
The Sell Limit is a sell order placed above the current market price. This feature is used when the current market price trend has been overbought.
It's when the market price has been oversold. Here you are basically positioning your sell trade(Sell limit) at a likely retracement from an oversold market situation.
On the last provided chart screenshot, Your stop loss was wrongly positioned. The market would just hit that stop loss very early. The stop loss would best be placed slightly above the most recent swing high.