my short position was closed to my stop order. Price 27731. But i created stop order on price 27720. It is very bad for my account. It was a very bad slippage. Now i think, that i will to close my position only limit orders
As a new trader, that will not help you. If your order dosn't get filled, and the price continues moving up, you will close position with even higher loss...
You lost 11.79 on the trade. Your loss would be 11.13 if it didn't slip. Not enough to risk holding a losing position in a runaway market IMO.
You pay a fee for shorting… you know that, right? An annual fee and some origination fees. I believe IB it’s 4%? I haven’t checked in a while… but these fees can chip away at your capital. Look at inverse funds to gain exposure to plunges and avoid these fees. Like this one: https://www.direxion.com/product/daily-20-year-treasury-bull-bear-3x-etfs?keyword=leveraged bond etfs&gad=1&gclid=CjwKCAjw0ZiiBhBKEiwA4PT9z42FhSqH8bNB0YV6yT4LOjDoTmdnJ3sYMFufMo9mroy9pdKWkeDukxoCgtMQAvD_BwE EDIT: Also this: https://etfdb.com/themes/inverse-short-gold-etfs/ Thanks, Keith Non-Professional, not licensed, opinion only
He's trading crypto (and I assume for him it is just like trading futures - nothing additional), not stocks.