Cryptocurrency Q&A
What does SLM mean in trading?
What does SLM mean in trading?
CryptoWanderer
Sun Nov 24 2024
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6 answers
1623
I'm trying to understand the meaning of SLM in the context of trading. Could someone please explain what this acronym stands for and how it's relevant in trading?
6 answers
Leonardo
Tue Nov 26 2024
It is only activated when a predetermined trigger price, set by the investor, is reached in the market.
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EnchantedDreams
Tue Nov 26 2024
Upon reaching this trigger price, the SLM order transforms into a regular market order.
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MountFujiView
Tue Nov 26 2024
As a regular market order, it is then executed at the most favorable price available at that moment in time.
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BenjaminMoore
Tue Nov 26 2024
A stop loss market order, also known as an SLM order, operates under specific conditions in the market.
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Lorenzo
Tue Nov 26 2024
This mechanism is designed to minimize losses by selling assets once they depreciate to a certain level.
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