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Huobi Stop Limit
Huobi Stop Limit
there is 3 types of trading orders on huobi global limit orders, market orders amd stop limit orders
and today we will learn how to do stop limit orders
but first let's try to understand stop limit is
"Stop-limit" order refers to the pre-set stop (trigger) price and limit price and amount after trigger.
When the latest price reaches the trigger price, the order will be placed according to the pre-set
price to help users maintain profits or reduce losses.
stop limit is soo helpful ekspesialy when the market goes volatile ,help our money save , and save our
time..
lets jump to the tutorial, first log in to your huobi global account and choose the coin that you want to
be stop limit, lets say u choose btc
Click stop limit , there is 2 option in there buy and sell btc.. lets say you choose sell
Limit means price that you want to sell, (standart limit orders)
Example
You'd like to sell your BTC at 7800 if it reaches or goes below 7900
You can place a Stop-Limit order by setting the Stop Price to 7900 and the Limit Price to 7800
If the btc price reaches or goes below 7900, your order becomes automaticly a limit order with a Limit
Price of 7800
You can place a Stop-Limit order by setting the Stop Price to 8050 and the Limit Price to 8100
If the btc price reaches or goes to 8050, your order becomes automaticly a limit order with a Limit Price
of 8050
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