Posts

Showing posts with the label OSO orders

Limit your losses by using OSO orders in the crypto sphere

  After a huge price plunge, let’s say an asset XYZ price has been stabilized at $6000. Now Mr. Anny believes that the market panic has been alleviated. He intends to enter the market when XYZ rebounds further and stands firm. Now she finds $6200 a signal of the price breakout.   However, he is worried now about not getting any timely updates about the market moves due to his busy schedule at work. What can he do now? In this case, he is advised to make use of conditional orders like OSO orders , OCO orders, etc. Here he can place a limit order to buy 10000 coins for $6100, but it’s only triggered if the market price reaches to $6200 and signals a stronger market response.  With the best crypto trading platforms like TrailingCrypto, traders can easily place conditional orders and capitalize on the opportunity. Let’s understand, what is a conditional order Conditional orders The volatility of the crypto trading market has given rise to conditional orders. None of...

Placing Profitable Trades Using OCO and OSO Orders

Image
The crypto trading market is extremely attractive for new and expert crypto traders because of its strong trends and volatility. Increased volatility means increased risk, and expert traders manage this increased risk by incorporating some effective strategies and conditional orders in their trading. Conditional orders are used to place orders which will be canceled or submitted only if the specified criterion is met. This order type is appropriate when it’s important to automate part or all of the trade order process. Conditional orders are the advanced orders which are automatically submitted or canceled. These orders must be placed before the trade is entered. These are considered the most basic form of trade automation and are used in advanced trading strategies. T raders often use conditional orders for stop loss, Trailing stop loss, stop sell, and various breakout strategies. Two common conditional orders popular among crypto traders are: OCO (One-Cancels-the-Other) orders and ...