What is the purpose of a conditional buy? I understand the purpose

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Anonymous
2017-09-08 02:17:48 Post No. 3387275
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Anonymous 2017-09-08 02:17:48 Post No. 3387275 [Report]

What is the purpose of a conditional buy? I understand the purpose of a stop loss, but not the purpose of this

Anonymous 2017-09-08 02:20:06 Post No.3387310
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Anonymous 2017-09-08 02:20:06 Post No.3387310 [Report]

>>3387275

You identify, via TA or some other wizardry, a significant resistance level on a coin. You're confident that a break through that resistance level will yield a 20% increase in coin value. You have to go to bed.

You set a conditional buy order. If coin breaks resistance, buy. You sleep peacefully knowing you're making money or - at the least - not losing any.

Anonymous 2017-09-08 02:21:11 Post No.3387319
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Anonymous 2017-09-08 02:21:11 Post No.3387319 [Report]

>>3387310
So it only buys if the coin spikes to the price you set?

What is the purpose of a conditional buy? I understand the purpose

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I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/