What are the advantages of using the stop limit activation price feature on TD Ameritrade for cryptocurrency trading?

1 answers

• Browne BeardOct 30, 2022 · 3 years ago
  When it comes to cryptocurrency trading, the stop limit activation price feature on TD Ameritrade can give you a significant advantage. This feature allows you to set a specific activation price for your stop limit order, which means that your order will only be triggered when the market reaches that price. This helps you to avoid entering or exiting a trade at unfavorable prices. By setting a limit price, you can also ensure that your order will only be executed at or better than the specified price. This feature is especially useful in volatile markets, where prices can fluctuate rapidly. Overall, the stop limit activation price feature on TD Ameritrade helps you to have more control over your trades and make informed decisions based on your desired price levels.
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