Dude, this is basic information that I didn't even know how to access. Very well explained! Congratulations and thanks for the guidance!

Have you bought an asset, but are you afraid of market fluctuations? Don't worry, let's learn together how to place an OCO order to protect your assets!! #MicroStrategy"

To set this, click on the arrow below buy/sell, select OCO from the list. This will add more fields where you can enter your price and quantity. We will see what these fields are below.

Sections for OCO order

Limit TP = Maximum sale = with profits
Stop Loss SL = minimum sale = to mitigate losses.
Stop Limit = in case the asset plummets all at once and goes straight through the Stop Loss.

Think of the Limit as a sale for profit, think of the Stop-Loss as an order to minimize losses in case of a crash, and the Stop Limit in case the asset has a very sharp drop, it serves as a backup for the stop loss.

Example:

I bought WLD at $1.70. It is now trading at $1.89. I want to sell it if it hits $5 (TP) and make a profit.
However, if it drops to $1.75 (Stop Loss) I want to sell it to limit my loss.
And if it drops too fast and goes straight through the first stop, I sell it at $1.65 (Stop Limit), thus ensuring a minimum loss.

When I enter these numbers in the fields, the following orders are created. In the first one, there is the Limit-Maker (TP) order, the second is the Stop-Loss (SL) order, and below it the Stop-Limit.

Lastly, select the amount of assets you want to protect and click sell and that's it, order created. You have just protected yourself against sudden market changes.

Because if the asset hits a peak, rises too quickly and you don't see it, you will have losses, if the asset drops too quickly, suddenly, you will also lose.

So it's better to be prepared!!

If any of these orders are executed, the others will be canceled, as there would be nothing to sell. This is OCO — One Cancels the Other.