buying & selling using OCO (One cancels other)
BUYING
LIMIT
- Price - This is the price you would ideally like to Buy at.
OR STOP LIMIT
- Stop – This is a price that will trigger your Buy order.
(higher than martket price in case the ideal price isn't offered (doens't fall as far)
- Limit – This is the Buy Price that you will ask to be filled.
if your ideal buy price doesn't reach target this in your next option
(I Still want in at this price)
AND
- Amount
Selling (Take Our Profits or
Stop Our Losses)
LIMIT This is the price you want sell at to take profits a eg 10%
OR STOP LIMIT
- Stop – This is a price that will trigger your STOP order. -2.5% and sell at the price (Limit) below
- Limit – This is the Actual Price that you will Sell at. -3% once triggered by the stop limit above.
These Stops and limits are to cut losses. So its the Max you are prepare t
More Information or Order books coming soon