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RE: How To Set A Stop Loss On Bittrex
Shouldn't the "ask" price be lower than the "sell when" price to make sure that the stop loss order is actually matched? Otherwise it's possible that the price takes a step down and your attempt to sell just sits there forever at a price higher than anyone is willing to pay.
I've had that quite a few times and lost a lot of money because of it. Stop losses are very hard to get filled under a support because it will often go right through it. I'm gonna try 1% below from now on. I've had times 0.5% wasn't enough.
What you guys refer to is called slippage. You can look it up at Investopedia. Before setting stop loss you thus shouldn't look only to under which support you want to sell. Best thing is to try and get a view on what the strength is under the support so you can adjust accordingly.
The 1% is a general good idea but can vary greatly from stock/asset to another.
Should it happen that slippage causes you to be "stuck" in a trade there should be no need to worry. I try to trade with the tokens/coins I believe have a strong project/foundation. This makes sure I never panic sell, but be in the trade a bit longer than planned.