PRIORITIZE THE USE OF OCO (One cancels the other )ORDERS IN SPOT TRADING.

These days a lot of tokens that are in super uptrend just rug-pulls( dips with a huge sharp red candle)from nowhere without any warning candle.

I have seen many of my brothers here cry and I myself am a victim, So for that case let's learn how to use an OCO order when setting our selling orders.

An OCO order is simply a conditional order where if one of the orders is executed the other is cancelled automatically. It's only for selling.

Basically, there are 3 gaps to fill,

1.TP limit

2.SL trigger

3.SL limit

I will summarize by explaining how these work. First of all Always calculate your potential loss before Placing a trade.

1.TP limit-----This is where you place your desired profit taking price.

2.SL (Stop loss trigger) -----This is where you input a price that once it reaches or crosses,your stop loss becomes active.And therefore the exchanger places your SL limit.

3.SL limit, This is where you actually want to cut losses, if the price reaches this limit, the exchanger will sell immediately. The price should be a little below that one of the SL trigger.

So for tokens like $ICX and #ANIME that have been in the uptrend, it's better to apply OCO order cause anytime a dip might come.

For current trending tokens like $LPT , don't forget to use OCO

And $TRB , it's worth trading now but don't forget to use OCO.

#Protect your funds by trading smart, avoid dipping with the token. It limits our progress.

imagine those who dipped with OM, DEGO, WCT, a very huge loss.

#GoodNight all.