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10/06/21 10:53
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In my opinion, higher lev is for scalpers only! For day or swing traders, either spot or lower lev is always recommended!
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Just now, according to Glassnode data, the number of addresses holding more than 100 BTC has reached a four-month low, currently standing at 15,955.
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Bitcoin and other major crypto experienced a dip in value on Thursday, erasing gains made earlier in the week. The decline came after the Federal Reserve signaled that interest rates would remain high for an extended period, with Bitcoin retreating 2.3% to $26.5K. Despite the bearish pressure, the founder and CEO of Bitcoin joint mining company Xive, Didar stated that the stagnant rate increase is positive for Bitcoin. He suggested that this could reduce the attractiveness of mainstream financial assets to institutional investors in the long term, potentially driving a new rally in Bitcoin's price. Major altcoins and exchange tokens also struggled on Thursday, with ETH changing hands at $1,585, down about 2.6% from Wednesday. Other altcoins such as BNB and BGB also experienced losses. Despite these challenges, some analysts believe that Bitcoin is likely to remain within its recent range between $25,000 and $30,000. Riyad from digital asset data platform Kaiko, noted that the market needs a catalyst to mount any serious rally. What are your thoughts?
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Question
Martinius
I have opened positions on a couple of US shares. I want to set a stop loss but I can't see anywhere to set one. Eventually after hours of looking I found that you cannot set a stop loss.
I note from a reply from many years ago (August 2016) that you cannot put a stop loss on an open position. It stated: On a share dealing account, you cannot simply attach a stop/limit OTC, but rather have to work a stop or limit order on the exchange to close a position. Therefore, if you have a level at which you would like to close a position, you need to enter a sell order to work in the market, until the price is reached and as many shares are sold as possible. Is this still the case?
This brings up related questions.
If I have bought the shares at $100 and want to sell if the price goes down to $96 Do I put in an order to sell at $96?
If the price goes up to $105 and I wish to sell, do I have to amend the existing order to sell at $105 rather than $96?
Could I get into a mess if I tried to put in an additional sell order @ $105 as well as the one at $96? - in which case I would have two different orders trying to sell the same shares.
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