✅ How to Set a Stop Loss (Stop-Limit) on Binance – Step-by-Step for Beginners

Don’t let one bad move wipe out your entire portfolio.

Learn how to protect your capital with a Stop Loss — here’s how:

📌 Simple Example:

You bought a coin at $100.

You don’t want to lose too much if the price drops.

So, you decide:

“If it drops to $90, I want to sell automatically before it gets worse.”

This is exactly what a Stop-Limit order does.

📲 Steps to Set a Stop Loss (on Binance App or Web):

1. Open the Binance app or log in via browser

2. Go to the Trade section

3. Choose your pair (e.g., XYZ/USDT)

4. Tap Sell

5. Change the order type to Stop-Limit

Now fill in these 3 fields:

• Stop (Trigger Price): 90.00

• Limit (Actual Sell Price): 89.50

• Amount: 100% or any portion you want to sell

Then press the Sell XYZ button to confirm.

⚠️ What’s the Difference Between Stop & Limit?

• Stop: When the price reaches this point, the system activates your sell order

• Limit: The price at which you want to sell — usually set slightly below the Stop to guarantee execution

🛡️ In Summary:

• If the price hits $90, the system will try to sell your coin around $89.50

• This protects you from deeper losses

• It’s a smart move — especially in volatile markets

Pro Tip:

Practice setting stop-limit orders in small amounts before trading big.

Discipline protects your money — not hope.

#BinanceTips #StopLoss #CryptoEducation #RiskManagement #TradingBasics