Ok a few days ago I got screwed over by the big drop. I hadn't taken the time to learn about Stop orders yet, been at this almost a month.
I had my BTC Limit set to sell at 9800 and I watched it go all the way up to 9730's and then jump off a cliff. It is around 9300 now after climbing back up.
My question is, can I use a Stop-Limit Sell order on its way up, instead of on its way down.
current price 9300
trigger at 9600 if it keeps going up then fine, but
if it drops below 9500 Sell
or do I have to wait until the value goes up past the lowest number I am willing to sell at, before I can use a Stop-Limit Sell
Thanks in advance