What are Stop Orders & How to Use Them | dYdX Academy

This video covers how to use Market Stop, Limit Stop, and Trailing Stop orders on the dYdX platform. The following video is shown for educational purposes only, and does not reflect any specific trading strategy. Contents: 0:00 Introduction 0:16 Stop Orders 0:28 Mechanics of Stop Orders 1:08 Stop Order Types 1:32 Stop Market Orders 2:40 Slippage 2:56 Stop Limit Orders 4:46 Trailing Stop Orders 6:43 Key Takeaways Glossary: Stop Order - A market or limit order that is set to execute when an asset reaches a specified trigger price. Trigger Price - A price set by the trader at which a stop order is to be automatically triggered. Last Trade Price - The price at which an asset was last traded on dYdX. Index Price - An aggregate price based on data sourced from multiple exchanges. Slippage - The difference between the best price on the books when an order is triggered and the actual trade price. Trailing Stop Order - A stop order type that is triggered if the price changes direction by a specified percentage. Trailing stops only move if the price moves in the trader’s favor. If the trailing stop moves to lock in a profit or reduce a loss, it does not move back in the other direction. Links: dYdX Documentation on Order Types: https://help.dydx.exchange/en/articles/5108526-selecting-order-types Disclaimer: All content is for educational purposes and does not constitute investment advice. dYdX Academy is a dYdX Grant initiative and does not represent dYdX Trading or dYdX Foundation.