Tips to Minimize Loses And Improve Profits in Crypto Trading

Want to benefit from the volatile cryptocurrency markets? Do you really want to minimize your losses and protect your profits? If yes, then you must understand the most profitable strategies and crypto trading tools.

So, you want to benefit as the price of your crypto assets moves higher and you are willing to wait for the gain, but you think that can't happen immediately. While you are waiting, the prices are moving up and down. It can be painful to see when a gain evaporates and turns into losses. Now, you want to control your losses. But how much and how can you do that?

Of course, that's possible with Trailing Stop Limit Order. This tool will give you some control over the volatile movements in the market.

How does a trailing stop limit order work?

A trailing stop limit order is designed to allow a crypto trader to specify a limit over the maximum possible loss, without setting a limit on the maximum possible gains. This is a different kind of order which comes with a stop-limit trail interval for extra downside protection. TrailingCrypto is one of the best crypto trading terminals that allow its traders to place trailing stop order smartly and automatically.

This order type allows its traders to set a Trigger Delta which is how much the price of crypto asset could fall before you place a sell or rise before placing a buy order. You can specify trigger delta as a percentage or amount. Once after setting the trigger delta, TrailingCrypto continuously recalculates the price which will trigger your order, based on the current market price of the asset as it moves in the favorable direction. If the market price changes directions, your trigger price won't change.

Whenever your order is triggered, the buying or selling of the crypto asset will be a limit order. You will determine the limit price by specifying how far from the trigger price, you will allow the buying or selling of the asset. This is called Limit Offset.

How can one place trailing limit sell order at TrailingCrypto?

• Firstly, you have to choose the desirable exchange

• Click on the orders window, and select Trailing Limit Sell

• Once after specifying the order type, enter the parameters. For example, you can choose the market as USD trading against Bitcoin. Specify the quantity as 5 BTC or 10 BTC, or whatever you want. For the offset, you may choose 10%. Now, it's time to submit an order.

• Now the submitted order will be displayed on the order window.

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