Cryptionary

Stop Limit Order

1. concept

A buy or sell market order triggered at a set price threshold. Stop Limit sell orders are also known as a "Stop Loss" orders.

1.1 stop limit buy

Carol wants to buy $1000 USD of BCH, but only if a bull run is confirmed. Carol sets up a stop limit buy order for $1000 USD with the stop set at $1000 USD/BCH, currently the price is at $800 USD/BCH. Carol's order will not execute until the price reaches $1000 USD, at which point Carols market buy order will be placed. Go Carol.

1.2 stop limit sell

Carol wants to set up a stop loss order as insurance against the price drastically dropping while Carol is on vacation. Carol sets up a stop limit sell order for her 5 BCH at $699 because she believe that if the price drops below $700 it will go down even further. If the price hits $699 Carol's stop loss will execute and a market order selling 5 BCH will be placed. Should of hodl'd, Carol.

* All terms and definitions may update as the Cryptionary improves.

All terms

Opcode Orphan Premining Privacy Coins Private Key Proof of Stake Proof of Work Public Key Pump and Dump Rekt Replace By Fee Satoshi Nakamoto Satoshis Schnorr Signatures SegWit SHA-256 Shill Shitcoin Simple Ledger Protocol Simplified Payment Verification Stop Limit Order Testnet Token Total Supply Transactions Per Second Transaction Transaction Fee Two Factor Authentication UTXO Volume Wallet Whale Zero Confirmation