Countersign FTX Made Easy

Countersign ftx

hello guys it's your man mr sulu sean so on today's episode i want to walk us through how to set a stop limit a lot of persons especially on my channel have been complaining that they do not understand how the stop limit order works so i decided to put up this video as a guide to let you know how you can put a stop either a buy stop asl stop right so this is chain link the coin here is the coin before me is chilling perpetual that's chilling call features right so let's just see let's just do a little analysis to see what it is telling us to see what we can deduct from the charts okay um what is the chat saying okay remember this is not a chatting class it's just for us to do something together and then arrive at a consensus arrive at an agreement alright so i'm trying to draw the trend lines to see what is what all right okay all right guys so from here now you can see that we are in a downtrend before now it's been moving within this channel but all of a sudden there was it's kind of broke out of the channel tested they came back again and i started testing it so if from all intents and measures it's obvious that we are dropping which is actually happening okay which is really happening i remember waking up earlier i i thought i saw something but what i saw was not really one liter played out okay so i had to tell some of the inner guys to shut the coin okay to shut the coin so it's obvious that this coin is going to fall now let's let's just say we do not know where it's going to get to after the falling like it will definitely go back again or rather let me say we anticipating that after this dumb that the next thing will happen is that it will start it will start going up like it will start going up because of okay we have this we have this um we have this supports here okay and probably we are believing that if eventually it comes up again anytime it crosses this very place that the coin is going to go up okay that means you want to long want to take a long position once you buy now if you check the price of this coin the prices 13.06 that is the current price of the coin now but then we are believing that if there is going to be a bounce that if it bounces say the next place it will get to should be probably around this place probably the next place it will get it should be probably around here let me change the color okay okay so we are believing that if eventually it goes above this resistance resistance line okay this very resistance okay if it defeats this thirteen point one eight seven zero that the next point is gonna get to is thirteen point four zero zero five okay so what do we do what we are going to do now would be to take a buy stop position okay so you scroll down you scroll down to the very the to the particular place where you get your types of orders there's no position of course let me change this settings let me reconfigure it okay this i've reset it okay okay so what we are going to do now would be to put a buy stop because remember we are believing that if price gets here like there is going to there is going to be a movement of water probably just say that the next target is going to be around this place they just be a little bit realistic it's not that i cannot get there but let's just see after that if eventually defeats if the price eventually comes up and then goes above this very line these very points that the next place it will get to is around here so what we want to do now would be to place a buy stop at this 13.1870 remember that the current price is 13.0640 we want to place a buy stop order at this very point so what you do is you come to this very place now choose buy stop okay [Music] okay choose your stop limits choose your stop limit you are taking a buy okay so switch to buy then put the the price you want to buy it at put the price you want to buy that at the trigger price okay excuse me you want to buy at um 13 okay you want to buy us 13.187 that is where we feel that if the price eventually crosses that we start going up so we want to put our our our limit price at 13.1870 okay so we come here and put 13 points 1 8 7 7 0 okay then go to this trigger price okay trigger price should be let's say thirteen point one eight six five okay so what this thing basically means is that once the price gets to these very points once the price gets to these thirteen points one is six five our our our other will be triggered okay so i think i have little money here let me just use all the money i have to place the trade okay so i'm going to click on buy now i've placed the trade as it is now set the various prices i want to buy that i'll just click on buy okay i'll place my buy order okay i've placed the buy but at least all right so if you come to this trigger or other now you will see the the trigger or that i have okay so i have a stop limits here so what it means is that if the price eventually gets to this 13 points one the first of what is the trigger price if price eventually gets to 13 points one eight six five my trick my my limit price will be triggered okay before now assistance now this order none of this other is in the other book okay so once it gets to 13.1865 this very limits price now will be placed in this other book as as it is now you can't find my order in this other book okay there is my other is not in this other book it's not yet there but once it gets to this 13.1865 my trigger price will be placed in the other book so that if eventually price it finally gets to 13.1870 then my order will be well executed on my other will go okay so what once that happened next thing that what that will now do will not be to come back and then no way i'm placing my take profit no way i'll be putting my take profit probably like i said i'm anticipating that if if he eventually crosses here the next place it will get to is 13.2805 so i will come back and then take puts my take profit okay i put my take profit at 13.2805 okay that's for how to use the the buy stop okay assuming what i want to do is access stock okay let me cancel this assuming what i want to do is a safe stop because i believe that the price is gonna dump right currently the prices are they have cost to the other currently the price is at 13.0830 okay but now i'm believing that from maybe from the result of my chart and all that i'm believing that if price eventually gets too okay i'm believing that if price eventually gets to this point now okay if price gets to this point this a price gets to 12.9865 that is going to dump more or it's going to go down the more okay that's what i am believing i am saying this is actually an a just an spanish on class sort of okay so i'm believing that price eventually gets to twelve point nine seven nine five that is gonna drop the more okay that's probably the place it would drop it would drop to should be around let's say around here okay let's say here okay it will drop to 12 points to drop to this point maybe that's what i believe okay okay that's what i feel it will drop to twelve point eight six is zero sixty zero okay and but then the current price is 13. one one three five okay so in other words what i would now do would be to put a sell stop okay a cell stop because this is where i believe that if you get to if price eventually drops to this very point it will the next place will be at this point so what i would do now would be to place my sales stop around this price so i'll go to that same other book we are using in this case i will using myself not to divide again okay so where is my limit my limit is what my limit is my limit is 12.9795 okay so i would place my limits at this at 12 points 12 points 9 what's 12 points 97952.9795 okay and then my trigger price my trigger price remember should be just something very close to so that once it touches it it's my order will be placed in the other book 12 points 9 7 9 5 nine five alternatively i could still making the same thing maybe twelve point nine seven nine five nine seven nine five okay so both of them can equally be the same value doesn't mean anything okay so i just go right ahead and place my other okay i just go right ahead and place myself other okay other has been placed okay so see trigger orders here this is it okay see trigger okay so this is just how to do that so what it means is that if price eventually gets to that very point now this my this myself stop if this is called the cell stopwater price eventually guessed the next place it will drop into should be here and then eventually price drops to that place get a rather price eventually gets there and then i want to take profit i could just come back and put my take profit at maybe around this price price region around this point maybe let's say 12.8460 that's where i want to take my profit that's where i want my profit to be taken from okay so that's simply how to go about this it's very easy to understand especially when you are already attuned to [Music] charts and you understand the very well and how they usually work okay and then another one you want to look at is on the issue of take profits okay take profit let's still go to this one okay let's look at take profit now how do you take your profit okay assuming now that my price has um okay eventually but price go to this very point and picked that go to these 12 points 9795 and picked okay so i'm already on the trade so what it now means is that i am anticipating that price might actually get to these very points okay that's 12.8460 but then i'm not really sure that if it gets here it would reverse so i maybe i'm i'm hoping they thought that if it gets here to still fall again maybe it will still fall to this region maybe to still fall to this price target as well okay okay that's what i'm thinking so what i would do now is that i will just come to this very place i want to take my i want to put my take profit first that i will now put the target i'm ending at which is what the target i'm ending at is 12.8460 so i'll come here and put 12 points eight four six six zero okay that's my first take profit then because i don't want to sell everything once i have assuming i have just 4.0 sort of so i would just have to reduce it to maybe 2.0 i just want to take half profit today okay i want to say half of it so and then okay shift it to the okay to this very that's half of it put it at the middle it has already calculated it for me if it was four it would have equally calculated so once i do that i come here and click on reduce only then put myself if i put it now it's it would really go okay okay because i have not really purchased anything yet okay so that's just how to do that just put it put for your trading stop loss you feel that if price gets to your first target profit that you will that it might still drop again okay so what you'd have to do just to maybe depending on the quantity you want to sell you put the price the trigger price then make sure you select reduce only because if you do not select reduce only it's rather open another position for you so you should make sure that whenever you're using this you are clicking or reduce only reduce only means if it gets here reduce it for me okay don't open another position if you do it and then you didn't click on reduce only if you guessed it it will open another position for you okay it will open another position for you so you don't really want to take that kind of risk it wouldn't really want to take that kind of restroom so you want to mitigate against such eventual happiness okay by clicking on your reduce only so that once it gets this we close the trade for you journey will be we have your profits will be there for you nothing will happen to it so the only thing you have will now be the half the remaining quantity or the remaining amount of the order that you are yet to okay and you are yet to utilize or you are yet to sell because you are waiting for the next prof the next target which is 12.74 okay that is it what else we need to look at okay now sometimes sometimes you you you might get a signal or you'll be giving a signal particularly to those on my channel okay sometimes i just give a signal i said i say we will determine they take profits once it gets fueled probably i say that because i'm not really too certain i'm not really too sure what is gonna play out i will just want to be very clear about it okay so and then if eventually i tell you to maybe okay i say buy at 12.8460 okay and then that's if we get to okay let me just say 12 points okay buy it 12 points it's for caesar okay then that if we if he gets there we'll talk about where we place our profits where we take our profit so i go right here and click on buy okay i go right here and click on buy okay and then finally it buys for me the next thing please let me this should be being taken off it should be in limit order please okay i say bye eight four six zero okay so and eventually i click on buy and it goes right to buy for me then and i'll come back and say take profit at maybe 13.2 i say take profit at 13.2 okay so you come back again remember you bought in the beginning what you did was buy so you come back again and click on sell okay now i want to say okay i say sell at step 13.2 so when you come back and come back and put these 13.2 please please very very necessary make sure you check this reduce only please it is very very vital make sure you click on this reduce only order make sure you click on this reduce only order because if you do not click on the reduce only order if price eventually gets to this 13.2 it will open another position for you okay so what anytime i give a blank signal or i tell you where to buy i didn't put take profit just go right ahead and place the buy there because definitely i will come and update to take profit even if i do not update it once you see you're already in profit and then you want to exit the trade make sure you come back and then as you are trying to maybe you want to take your profit at whatever price well once you put that up please you want to take your profits please make sure you click on this reduce only if you do not click on the reduce only it will end up opening another position for you and this is what you do not want this is not what you what you you do not back in for so some persons have been making that mistake they said they thought they closed their trades and then they ended up seeing another trade that was open for them it happened because you did not click on the reduce only so make sure you are clicking the reduce only order and then another thing i've seen some persons they've placed a trade let's say i say buy at 12 points it's twelve point eight four zero i say but it's twelve points eight four zero twelve points eight four zero eight four z okay i say bye now they go right ahead and buy and bought it okay they go right ahead and place this other then place the click on the buy button and then eventually it buys for them then you know once you have a trade that is going on if you come to either you are using the mobile app or the web version this is it that's a laptop version is the um this is a web version of the site okay once you have a trade that is already on and then that is in profits some something around somewhere around this region okay if you see something like close trade or market close something like that okay please don't always do this don't always close your trade at that section okay don't always do that because if you do that it means you are closing at the prevailing market price assuming assuming that the price now is um assuming that you want to you want to sell okay you want to sell now and then what we have here we have the bid and the ax we have 13.1350 and we have 13.1385 sort of okay and then you want to say if you go here and click on market close what will happen is that it will sell for you at this price at the last price it's rather sell for you at this price and not only is it going to sell nowhere for you it will also be charged take a fee that's why you can't take a fee i make okay so like you're horribly taking an order which is not supposed to be instead of you know bringing all that to the exchange to the other book you're taking an order from the exchange which is not always very good so don't always close your trade from this marketplace section rather go back and do what we just talked about if it's telling you want to sell maybe the price you want to sell at it's 13 points is to 1820 put it then click on your reduce only then sell put the price you want to sell select the quantity you want to sell click on reduce only go right ahead and click on sell if you come here i'm repeating it i'm literating it so that everybody will understand okay so if you come here and use market clothes it will not sell for you hey it's rather go to the last one like this is the one here and sell and not only will they sell over for you because imagine you had placed it here okay actually that you would have made more money than you know it's selling here and not only will you lose a little you will also be charged a ticker fee that is why sometimes you you see that you are in profit i won't say i'm use market closing when time i get closed if you check your profit you see that it has reduced it reduced because it did not follow the due process you were using market close which went and sold at the cheapest price we didn't want to okay we went and saw that the last price are tough okay so we don't want to do that okay so these are the very important lessons i want us to understand so um we've been able to look at limit order with looking to limit order we've looked into um stop limits okay we already know what limits or that is we already know what market order is market order you just you want to tell the team to buy for you at the same time so once you're using market order you don't need to bother yourself put in price just come right here place them you feed the amount you want to buy that and then it will just go right ahead for you so i wouldn't really encourage you to use markets or that okay so what it means is that if you're using markets although it's just the same thing that happens okay so you only you you buy if you want if you want to buy you buy a day at the at the price yeah okay you will buy at the price and you'll probably be charged some fee which you would really be okay with so that's why i don't really always encourage you to use market or that economy is market so that we are very sure that the team is going against you so you just want to get out of the market as fast as you can that's the only time you can use marketplace okay so we know markets are that we know limits order we've talked about take profits and we talked we've equally talked about stock limits maybe in subsequent videos you talk about stock market trading stop and then and take profits limit okay and take profit limits yeah we talk about those ones all right guys so thank you so much i hope the video has been very educative and insightful if you have any question comments or anything you want to talk about in crypto do well to contact me in any of my social media channels and if you've not subscribed please kindly leave a subscribe button leave a like share the video tell people about it and then like i said my social media channels they are open for everybody we can just come and interact from a community my channel my signal channel i will be dropping the the link to that at the lower section of the video all right guys thank you so much once more and then i will see you in the other episode i remember your mom mr