Hi, let's say I have an alt coin which is traded against ETH. I want to go to sleep and don't want to be caught out with a drastic price drop. If I want to sell the coin at say 10c, how can I do this as I need to set my stop loss against the price of ETH....but what if ETH changes price overnight too
Some exchanges offer you stop-loss orders. With these you can set and order in that will be executed if the price goes under a certain price. It is very similar to the ones used in stocks trading.