What are some best practices for setting up stop market and stop limit orders on KuCoin to maximize my trading profits?

1 answers

• Lafuente Keziah IanAug 23, 2021 · 4 years ago
  At BYDFi, we recommend using stop market and stop limit orders on KuCoin to maximize your trading profits. These order types allow you to automate your trades and take advantage of price movements without constantly monitoring the market. When setting up stop market orders, make sure to set a reasonable stop price that aligns with your risk tolerance. For stop limit orders, consider setting a limit price that offers a good balance between execution probability and desired profit margin. It's also important to regularly review and adjust your stop orders based on market conditions and your trading strategy. Remember, trading involves risks, and it's crucial to conduct thorough research and analysis before making any trading decisions on KuCoin.
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