What strategies can be implemented with MOC orders on Thinkorswim for successful cryptocurrency trading?

3 answers

• Dec 15, 2021 · 3 years ago
  Sure! One strategy you can implement with MOC orders on Thinkorswim for successful cryptocurrency trading is to use them for end-of-day rebalancing. By placing MOC orders at the closing price, you can adjust your portfolio to maintain your desired asset allocation. This can help you take advantage of any price movements that occur during the trading day and ensure that your portfolio remains in line with your investment strategy. 😉
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• Dec 15, 2021 · 3 years ago
  Absolutely! Another strategy you can try is using MOC orders to capture overnight price movements. By placing MOC orders at the close, you can take advantage of any price gaps that occur between the closing price and the next day's opening price. This can be particularly useful in the cryptocurrency market, where volatility is high and overnight price movements can be significant. Just make sure to set appropriate stop-loss orders to manage your risk. 💪
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• Dec 15, 2021 · 3 years ago
  Definitely! At BYDFi, we highly recommend using MOC orders on Thinkorswim for successful cryptocurrency trading. MOC orders allow you to execute trades at the closing price, which can be advantageous in the volatile cryptocurrency market. They can help you avoid slippage and ensure that you get the best possible price for your trades. Additionally, MOC orders can be used for rebalancing your portfolio and capturing overnight price movements, as mentioned earlier. Give them a try and see how they can enhance your trading strategy! 💰
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