A very important nuance, when you are putting a stop-loss. It's better to put a limit on a cheaper price than the stop is put at. If both values are equal or not very different then you can miss the trending fall and your order will never be executed. For example, you put a stop at $14600 and limit at $14595. When the price falls rapidly, the stop is triggered, your order is successfully put on the order book but the price is already $14570 in just a moment.
So it's better to sell for a bit cheaper price but not lose a lot of your money.
You are viewing a single comment's thread from:
I totally agree. My experience is that usually the price will always swing back enough for your order to hit unless the coin is falling FAST in which case yes, better to be safe than sorry!