What is the activation price for a stop limit order on TD Ameritrade in the context of cryptocurrency trading?

3 answers

• Nov 25, 2021 · 3 years ago
  The activation price for a stop limit order on TD Ameritrade in the context of cryptocurrency trading refers to the price at which the order becomes active and triggers the limit order. When the market price reaches or surpasses the activation price, the stop limit order is activated and a limit order is placed. This means that the order will only be executed at the specified limit price or better. The activation price acts as a trigger for the order to be executed and helps traders manage their risk and protect their profits.
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• Nov 25, 2021 · 3 years ago
  When it comes to cryptocurrency trading on TD Ameritrade, the activation price for a stop limit order is the price level at which the order is triggered and the limit order is placed. It serves as a safeguard for traders, allowing them to set a specific activation price at which they want their order to be executed. Once the market price reaches or surpasses the activation price, the stop limit order is activated and the limit order is sent to the market. This helps traders ensure that their orders are executed at the desired price or better, while also providing them with control over their trades.
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• Nov 25, 2021 · 3 years ago
  In the context of cryptocurrency trading on TD Ameritrade, the activation price for a stop limit order plays a crucial role in executing trades. It acts as a trigger for the order to become active and initiate the limit order. When the market price reaches or surpasses the activation price, the stop limit order is activated and the limit order is placed. This allows traders to set a specific price level at which they want their order to be executed, providing them with control over their trades and helping them manage their risk effectively. It's an important tool for traders in the cryptocurrency market to protect their profits and limit potential losses.
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