Stop Loss Market or Stop Loss Limit?

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Stop Loss Market or Stop Loss Limit?

In my exchange app (I use crypto com), the scenario is I had a Stop Loss Market on TAO for $322. But I guess on its descent it just skipped right by and kept going lower. I only found out later when I checked and it was now $265, way out of my range. Was I to use Stop Loss Limit?

Thanks, noob question. I am usually just holding spot.

Isuru MS Answered question March 7, 2025
0

Better use a Market SL. It can happen that your SL limit order is never triggered, which can result in a very large loss. this should not actually happen with a market order.

Isuru MS Answered question March 7, 2025
0