HOW TO PLACE A LIMIT BUY AND SELL ORDER IN STEEMIT MARKET

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Hello guys;

I hope everyone is doing great and happy Eidul Adha in advance. A lot of newbies have been asking me how do I always place a limit buy order in steemit I have been explaining to them and it has come to my notice that there are a lot of newbies who don’t know how to do it So I want to use this opportunity to explain with screenshots how to place a limit Buy and sell Order.

I have noticed that the price of The SBD’s and STEEM tend to rise at the time are sleeping which is around midnight. Whenever this happens the amount of steem you get when you trade it with the SBD is always higher so what you need to do is create a limit buy order so that Incase you are sleeping and the price of SBD goes up, your buy order will be filled likewise when the price of steem goes up the sell order is filled. Below are the steps in how to place the order.

Trading SBD for steem(Buying Steem with SBD)

• Firstly you have yo open you steemit wallet click on the drop down arrow on either your STEEM or SBD and select market.

• when you open the market you will see about 6 different features namely; graph of the buy and sell price, Buy steem, sell steem, Buy orders, sell orders and Trade history.

The Buy steem feature is used to trade your SBD for steem in other words buy steem with SBD.

The Sell steem is used to trade your steem for SBD meaning sell your steem for SBD.

The buy order contains the list of orders users have placed for steem whiles the sell orders contain the list of orders users have placed for SBD.

Trade history contains the transaction details of both buy and sell orders.

• if you want to place buy limit order for steem, at the time of this post 1sbd = 16.003 steem so let’s say i want to buy 18 steem for 1SBD all you have to do is.
  Click on the price and edit it, at time of this post it was 0.06249 edit this value to a smaller figure let say 0.05549 and enter 1 SBD you will see that the amount of steem you will get will be 18.022 steem if you want 17 steem all you have to do is to be manipulating the price until it suits your taste. When you are done click on BUY STEEM and enter your Private active key.

Sell steem

• The same thing applies here at the time of this post the highest bid price was 0.061917 so if I wanted 1sbd I had to pay 16.151 steem. The difference between the two is when I wanted to buy the steem i lowered the price. But in selling the steem I have to increase the price.

• so here I will increase the price from 0.061917 to 0.070917 such that when I pay 14steem I will get 1sbd instead of paying 16steem. click on SELL STEEM when you are done and enter your Private active key.

I hope that with this newcomers will learn how to place their orders. It is very important to know how to place a limit order incase any of the assets rises your limit order will be executed. It is also very important to note that not all limit orders are executed, someone can place a order of 25steem for 1SBD. With this order it might not execute because for this to happen the price of SBD should be very high whiles the price of steem should be maybe at $0.01. So you have to place a reasonable order for to be executed very fast.

THANK YOU FOR YOUR TIME.