Just spent time on Gemini learning about the differences between stop losses and stop limits and then I was like, how do I know what price to put it at. This is solid info, thanks
Very important for traders and investors to understand. I would only add that it's also important to trade liquid assets and on brokers with deep liquidity, otherwise in volatile events the loss could be significantly higher than the pre-defined stop due to slippage.
Just spent time on Gemini learning about the differences between stop losses and stop limits and then I was like, how do I know what price to put it at. This is solid info, thanks
Thank you for reading and your comment Jake!
Do you set stop orders to fill outside of regular trading hours?
Very important for traders and investors to understand. I would only add that it's also important to trade liquid assets and on brokers with deep liquidity, otherwise in volatile events the loss could be significantly higher than the pre-defined stop due to slippage.