Community post
How to use conditional orders on Bittrex, simply explained
Bittrex is a pretty simple exchange as far as features go but Bittrex does allow you some flexibility with your orders.
As you can see there can be 2 other types of orders. STOP LOSS and posting hidden orders on the books which will allow your orders to affect the price less.
Stop Loss
denoting or relating to an order to sell a security or commodity at a specified price in order to limit a loss.
Enjoy, Follow, upvote if you enjoyed!
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Mister.Baart
Replies (8)
Great explanation, definitely very helpful to new users entering cryptocurrency trading.
I'm glad I could help you :D
thanks great helpful
no problem if you need something else let me know
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STOPSTOP
Good info for inexperienced investors. However there are dangers using the stoploss. When it is triggered and one is using a market order, the price could become one that you never would want to trade against. That is why, when using stop loss, always issue limit orders!
@steemcleaners
This post appears to be a copy of the following post by @pagoda:
https://steemit.com/cryptocurrency/@pagoda/how-to-use-conditional-orders-on-bittrex