Which one is more suitable for day trading, stop loss or stop limit orders in cryptocurrency?

1 answers

• AaloveJan 06, 2024 · 2 years ago
  In my experience as a day trader, I have found that stop loss orders are more suitable for day trading in cryptocurrency. They provide a level of protection against significant losses and can be especially useful in volatile markets. Stop limit orders, on the other hand, offer more control over the execution price but may not be filled if the price moves quickly. As a trader, it's important to carefully consider your risk tolerance and trading objectives before deciding which type of order to use. Remember, each trader is unique and what works for one person may not work for another. It's always a good idea to test different strategies and see what works best for you.
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