Use Poloniex. It has stop-limit orders...which if you're coming from any sort of other trading market, this may a bit different. Stop limit just means that once your limit (loss) is triggered, then it will add your "stop" to the market.
Soooo..it works identical to a stop.
But, why are you looking to use stops anyways? Just turn your losses in to long-term holds. Cash out on the winners and repeat. If you have the capital to do so.
YES...it is a strategy..it is called buy and hold. And it is what every investor does. When you get to the realization how much better it is to trade without stops, then you'll start killing it..happy trading!
Buy and hold is the longest-term view. I'm not a buy and hold trader though, so I'm not recommending that anyways.
Stops are self-fulfilling....you put stops in the market, then expect them to get filled...cuz the market will do what it is supposed to, and then is fill every order it can. Incurring losses accordingly.
I like Poloniex, I have a post from yesterday with links to the site:
https://steemit.com/steem/@strapped/breaking-steem-up-10-within-the-last-hour-or-so
What do you mean by market stop? Poloniex can do stop-limit orders
Use Poloniex. It has stop-limit orders...which if you're coming from any sort of other trading market, this may a bit different. Stop limit just means that once your limit (loss) is triggered, then it will add your "stop" to the market.
Soooo..it works identical to a stop.
But, why are you looking to use stops anyways? Just turn your losses in to long-term holds. Cash out on the winners and repeat. If you have the capital to do so.
Losers as Long-term holds is not a strategy, which keeps me on the stock market for 10 years.
YES...it is a strategy..it is called buy and hold. And it is what every investor does. When you get to the realization how much better it is to trade without stops, then you'll start killing it..happy trading!
If "buy and hold" works now, it's not sure that tomorrow will do it also. I need a long-term view, cause we have to be adjustable to the market.
Buy and hold is the longest-term view. I'm not a buy and hold trader though, so I'm not recommending that anyways.
Stops are self-fulfilling....you put stops in the market, then expect them to get filled...cuz the market will do what it is supposed to, and then is fill every order it can. Incurring losses accordingly.
Thank you!
Just my opinion though! Thanks for the chat!
Yes, all I've seen have only limit orders.
What's a market stop?
http://www.investopedia.com/ask/answers/04/022704.asp
I have read your article. There is nothing in this article that you can't do on Poloniex.
Thank you for your time! I wasn't sure.
What exactly are you trying to do?
To replace NYSE with the cryptoword. I've been a professional stock trader for 10 years before. Just re-qualify.
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