Stop-Limit Orders is a type of limit order that occurs once a trigger price is realized.
As a prerequisite, once a limit order has been triggered, the order will wait to take place according to the supply and demand of the board.
TipYou can use the stop-limit orders to reduce the risk of deprecation of your assets and to buy/sell at the right time.
How to use it?
For maintaining for your assets value;
When buying with Stop-Limit; İf you believe the price is going to go up, you may want to set a Stop-limit to alleviate your loses in the case that your conjecture is wrong and the price starts to drop, that will help you to keep your asset.
In the case you foresee that the price of your assets is going to drop, and when the price drops down to a predetermined support level, you can set your order at a price just a bit lower than the support. Using the stop-limit order method, you are able to protect your assets and decrease your loss.
When selling with Stop-Limit; İf you believe the price is going to go down, you may want to set a Stop-Limit to alleviate your loses in the case that your conjecture is wrong and the price starts to rise, that will help you to keep your asset.
in the case you foresee that the price of your assets is going to rise, and when the price rises above a predetermined support level, you can set your order at a price just a bit higher than the support. Using the stop-limit order method, you are ale to protect your assets decrease your loss.
For selling and buying at the right place;
For buying orders; if the price reaches a support level, you can make an order just a bit higher than the support. That way you can set a buy order as a limit order. Using this method and due to the prescience regarding support and rise after resistance, your order will come true with lower risk and at a low price
For selling orders;
if the price reaches a support level, you can make an order just a bit lower than the support. That way you can set it as a sale order. Using this method and due to the prescience regarding support and the fall after resistance, your order will come true with lower risk and at a low price
in order to sell at the right time and at the right price, when the price of assets drops to a predetermined support level you can set your order at a price a bit higher than the support. Using this method, you will lower the risk and decrease the loss.
Important Information In case a price drops too fast or rises too fast your stop limit order may be passed over without being fulfilled
You can place an order using the Stop-Limit Buy/Sell and Pro.