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RE: Tutorial Part 15 Automatic Stop Sell/Buy Executions

in #bitcoin7 years ago

This is awesome, many thanks! I have two silly questions I wanted to clarify

a) does this strategy depend on you having a certain base amount of coins? e.g. how do you sell coins at a higher price ($1.33) that you haven't bought until the price hits ($1.31). On Binance I can only do stop limit orders with the funds I have in my wallet and any order I place subtracts them when I place it

b) (I am a newb) I understand the shorting term to mean you "sell" your coins, but when you say "enter into a short position and then close it at $X price" I feel like I could be missing something and you might be implying something else I don't understand?

Many thanks in advance!