How did i lose £300 on this trade, when my limit order was 9037 but it sold it for me at 8739!?

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How did i lose £300 on this trade, when my limit order was 9037 but it sold it for me at 8739!?

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Posted in Kucoin Reddit

4 Comments

  1. billybutcheeks on 30. April 2020 at 5:17

    i should have been profit £1K from it. The limit sell specifically states: “order buy or sell at a specified price or better” …. yet it sells it for cheaper than i asked for. Can i sue them? lol

     


  2. BountyExpert on 30. April 2020 at 5:17

    They likely do market orders, once the stop price triggers.

     


  3. kucoin_moderator on 30. April 2020 at 5:17

    Get in touch with our support team via [https://www.kucoin.com/zendesk_chat.html](https://www.kucoin.com/zendesk_chat.html) for clarification. Thank you!

     


  4. mfpmkx on 30. April 2020 at 5:17

    Market stop order right? So if it drops below 9037 It gets filled at market price because noone buying for 9037.

    This is a common thing I see on this sub. I wonder if the mechanic is the same on Kucoin as on othrr exchanges. Can any mod weigh in?