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What can you do to reduce losses while increasing profits crypto trading

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Do you wish to benefit from the volatility of cryptocurrency market, visit us? You want to protect your investment and reduce losses, but also maximize profits. The best techniques and methods for crypto trading if you would like to cut down on the loss.

You want to gain from an increase in the value of your cryptocurrency assets, and are willing to wait but think it won’t be immediate. As you wait for the price to rise, it is moving up and down. It can be painful to see when a gain fades away and becomes losses. You want to be able to deal with the losses. What can you do to limit your losses?

This is possible using Trailing Stop Limit Order. This instrument will allow you some control over the fluctuations in the market.

What is a trailing stop limit order work?

The trailing stop limit is designed to allow traders in crypto to set a limit over the maximum potential loss, but without setting any limits on possible gains. It’s an order that provides additional security against negative consequences by permitting an option to set a trailing limit on the stop. TrailingCrypto one of the most popular crypto trading platforms, permits traders to automatically and intelligently put trailing stops in order.

This type of purchase allows traders to set the Trigger Delta that is the amount of the amount that price of crypto asset could fall before you submit a sell request or raise prior to placing an order for purchase. Trigger deltas can be specified as either a percentage from the cost of the asset, or a specific amount. After you’ve set your threshold delta for the trigger, TrailingCrypto continually recalculates your price that triggers the order, in accordance with the market value of the asset, as it changes in the direction that is favorable. Your trigger price won’t be affected by changes in the market direction.

If your order triggers, the buying or selling of the cryptocurrency asset is the result of a limit order. You will determine the limit price by specifying how much of the trigger price you’ll be able to allow the purchasing as well as selling currency. It’s also referred to by the name Limit Offset.

Trailing stop limit sell

The sold trailing order moves with the market’s price and resets the trigger price by a fixed amount below the market price, based on the amount of trailing set by the user. The price of the limit order is determined by the offset of limit. If the price goes up, both the stop price and limit prices increase by equal amounts to the trail price and limit offset. However, if the price drops to a lower level, the limit price remains unchanged. The Trailing Limit Sell order is the most effective trading tool for cryptos. It permits the selling limit to follow the price movement of the cryptocurrency pair. Let us give you an example to assist you in understanding:

Suppose a trader places a trailing limit sell order with USDT/XBT. Then, the trader sets the gap between the trigger and trailing delta at 10%. This means that the price of a limit sell order will always be 10% away from the market price of XBT/USDT. The trailing balance will be recalculated if the price changes between 9,500 USDT and 9,400 USDT.

The difference between the present market price and the limit order is set at 10%. However, if the pair increases in value then the limit price is not affected.

Where can I place my the sale of a limit trailing at TrailingCrypto?

First, you must select your intended exchange

Select the Trailing Limit Sale option from the Orders window.

After selecting the order type enter the specifics. In this case, you could select USD Trading against Bitcoin as the market. Indicate the number as 5, BTC or 10 BTC or any other number you’d like. In order to offset it is possible to select 10%. Now, it’s time to complete your order.

The order that was submitted will appear on the order window.

The trailing stop sell order is exactly the mirror picture. It can be used to safeguard profits made through short selling, or when you’re trying to purchase any other stock that is going to bounce off due the low of the market.

Below is the step-by-step guide for placing a trailing stop purchase with TrailingCrypto.

Choose the exchange

Select Trailing Stop Buy order

Select the base currency before selecting your quote. Pick the number of coins you wish to purchase. There is also a percent option. You can say 10, BTC or select 10 percent of BTC.

Input the price of the quote coin when you purchase. The field will be populated with the current market price, if the field is empty.

The offset you select has a percentage fixed above what is currently being sold at.

Submit order