Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
samson
on 10/09/2013, 15:27:36 UTC
If you offer a stop loss would you not simply put the coins for sale at the stop loss? How can they end up not being sold then?

Example:
 1. imagine you have 10k BTC
 2. set stop loss @ $130
=> there is not buyer who can buy your coins

The only way you could do it would be to have the script / engine monitor the bid depth and dump accordingly and in advance as the price falls.

If someone else dumps a large amount of Bitcoin - something like 5-10K moving the price straight past your stop loss trigger point then you would be out of luck and could end up missing your sell point by a large amount due to the low liquidity and huge swings in this market.