One-Cancels-the-Other — two linked orders where executing one automatically cancels the other. Commonly pairs a take profit and stop loss, creating a complete exit strategy for a position.
One-Cancels-the-Other — two linked orders where executing one automatically cancels the other.
Commonly pairs a take profit and stop loss, creating a complete exit strategy for a position.
This concept is critical for crypto traders of all levels. Mastering it can mean the difference between consistent profits and costly mistakes in volatile markets.