Crypto Trading Tips 3: Stop Limit Order Explained (How to Place a Stop-limit Order)

Welcome to our tutorial on how to place a stop-limit order! This instructional video is crafted for crypto enthusiasts of all levels looking to deepen their understanding of strategic trade orders. Although we demonstrate using Coinbase Advanced, the essential steps and concepts are transferable to other sophisticated trading platforms like Binance and OKX. This makes our guide an invaluable resource for broadening your trading capabilities.
Timeline:
00:45 - What is a Stop-Limit Order?
02:02 - How to Place a Stop-Limit Order
🔹 What is a Stop-Limit Order?
A stop-limit order in the cryptocurrency market is a two-part strategy. It combines the features of a stop order and a limit order. When you set a stop-limit order, you specify two prices: the stop price, which will convert your order into a limit order, and the limit price, which is the price at which your order will be executed.
Here’s how it functions:
- Stop Price: The price at which your limit order is activated.
- Limit Price: The specific price at which your order will be executed, following the activation of the stop price.
Stop-limit orders are useful for traders who want to have precise control over the price at which their order is filled, allowing them to manage risk, particularly in volatile markets.
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#Stoplimit #CryptoTips #TradingTips
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[@EveryBitHelps]

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[@supaxlvztr]

Very great explanation. Thank you!

[@EveryBitHelps]

Glad it was helpful!

[@BitcoinAndCryptoCurrency]

explained a lot

[@Senior_Stranger8106]

Hi, thanks for the video, very clear.
I have an issue where if I follow all the steps, the final confirmation popup says "If the last trade price goes ABOVE" rather than below, which does not seem right?
What am I doing wrong?
Thanks!

[@joshcampos62]

I AM HAVING THE SAME ISSUE RIGHT NOW; I AM SOOOO CONFUSED

[@bobnewhart4318]

So if I wanted to set a limit buy to make sure my order gets in during let's say for example a coinbase crash would I set my stop at .0000012 and my limit at .00000121?