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RE: Bitcoin (BTC) Morning Update: Awareness Prevents Panic and Induces Calm Discipline!

in #bitcoin7 years ago

Hi, can anybody tell me which trading platform I should use to setup ladders. All sites I have been using don’t facilitate this. I can only set price alerts, and this is driving me crazy.

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Correct me if I'm wrong, but you must manually set up ladders using buy and sell Limit orders (that is what it is called on GDAX). Read Haejin's post about laddering in and then use that knowledge to see where to set your buys or sells. Usually, it is at certain peaks of the waves. Hope this helps...

I am using trading sites that you can only buy or sell instantly, so they don’t have limit orders. I used these sites as I bought via IDEAL, a system in The Netherlands to transfer money instantly, because I didn’t have a credit card.
So putting ladders in manually, I understand, but I would like to know what is a good trading site to do this. I understand that you say GDAX, correct?

Yea, GDAX has a nice volume so trading is good there. I'm in the United States so I am somewhat limited on what I can use. I'm not sure what the best one would be for The Netherlands...

Thank you. Ill try it out.

Hef...on Bittrex you can place limit orders...when you go to the coin it automatically reverts to a limit order on default, so you just enter the amount you want to sell or buy and at what price...it then saves these once you submit the order..they just recently changed the amount of time you can save these to i think 90 days so you need to keep track of them..hope this helps

Thank you Shawn. I will try it out.

+1 for bittrex