HOWTO: Limit "Catch-all" Orders on TeamKujira FIN

A catch-all order is a limit order so high (or so low)  that a huge wick up (or down) is caught by this order.

So, for example, buying 100 $ATOM at $5

or: selling 100 $ATOM at $40.

Those two are catch-alls.

The advantage of a catch-all is that you buy an asset deeply discounted (or sell super-inflated) on a whiplash price-movement. The disadvantage is that, ouch, all that beautiful liquidity is locked away, hardly ever, or never, to be used.

It's a balancing act.

Catch-all orders are sweet, when they occur, but they should never be relied on to, like: pay the bills.

• credit to Garegaupa @garegaupa for asking the question that created this HOWTO.

FAQ

• FAQ about limit catch-all orders, credit to Micah 🥶 

Video HOWTO

• Placing limit catch-all orders on Kujira FIN