#币安
Big shots, is there anyone who can teach a newbie? I want to ask a few questions, please kindly help me with my confusion. (Because I have only played for a few days)
Right now, I am trading spot, and I just understood the most basic buying and selling, using limit orders. Then I discovered something I couldn't understand: if I want to buy a currency and its current price is 1¥, but I judge that it will drop to 0.65¥ after a while, I would place a limit order to buy this currency at that price, preparing to spend 750¥. However, the actual situation deviated from my estimation, and the actual price only dropped to 0.68, so my trade is likely to not be executed. But this price is not unacceptable to me; it just doesn’t match my desired price, and the bot didn’t help me trade. So, is there a way or setting that allows me to set a margin for error in my given price, and have the trading bot monitor it for me?
For example, if the price of this currency is still 1¥, but I predict it will drop to 0.65, I spend a thousand yuan to place an order for purchase, but I’m not very confident in my prediction. When I place the limit order, I can provide a "margin of error" (for lack of a better term). For instance, if I set the margin to 0.03, then since I gave a price of 0.65, the formula would be (0.65 + 0.03). Once the price drops to 0.68 or 0.67, I would still automatically purchase.
Based on this, I want to propose another possibility: since I still set my price at 0.65, it doesn’t mean I don’t want to buy at this price. So, can I, on top of the margin of error, also set the allocation of trading funds? For example, I prepare 1000¥ to enter the market, and the current price is 1¥, my target price is 0.55, and the margin is 0.03. Then I can allocate this thousand, deciding how much of that I want to spend on purchases based on the pre-judged range, while the remaining funds can still be used to purchase at the price of 0.55?
Big shots, please generously teach me; the newbie is eager to learn! 😵💫😵💫😵💫
