Risks/Disclaimer
Read thro the risk and disclaimer associated with limit orders.
Risks Associated with Limit Orders
While limit orders offer control and price optimization, they also carry certain risks:
Price Volatility: Due to the dynamic nature of the market especially the micro caps, there's a possibility that your limit order may not execute if the price moves beyond your specified range so fast. Default price impact is set to 20% for limit orders to protect your trades against huge price impacts.
Disclaimer
It's important to understand that trading in cryptocurrencies carries inherent risks, including market volatility, fraud, and technical glitches. Limit orders can help mitigate some of these risks, but they cannot eliminate them entirely.
Additional Tips for Limit Order Trading
Use Market Orders for Immediate Execution: If you need to buy or sell tokens quickly, consider using market orders instead of limit orders.
Set Realistic Price Limits: Be realistic about the price levels you expect to reach. Setting overly optimistic or pessimistic limits can increase the risk of order execution delays or cancellations.
Monitor Market Conditions: Keep an eye on market movements to understand when your limit orders are likely to execute or not.
Last updated