Ans:
Setting stops and limits help in trading with Bitcoins.
a) Guaranteed Stops: Irrespective of slippage, a guaranteed stop closes your position at the level you have set. A fee is charged if this stop is initiated.
b) Normal Stops: These close the position at the levels you set and are liable to slippage.
c) Trailing Stops: These stops cap your risk and are based on movements in the market that allow you to make a profit while being liable to slippage.