New players always ask: 'Can I enter now?' – but don't know what to enter with. Not knowing how to use orders is like going to battle without weapons.
Playing with coins is not just about choosing the right coin.
The issue is how to enter – when to exit – what orders to use correctly.
☘️ 3 Types of Orders You Need to Know.
1. Market Order – Buy/Sell Immediately Without Hesitation.
• Match at the market price immediately.
• Good when: you need to enter quickly, the coin is pumping.
• Note: easily subject to slippage – buying high, selling low.
2. Limit Order – Set Price in Advance, Anyone Who Agrees Will Match.
• Choose your own buy/sell price.
• Good when: you have a plan, want to accumulate or take profit.
• Note: waiting a long time without matching is like not doing anything.
3. Stop-Limit – Automatically Enter or Cut Losses Based on Conditions.
• Conditional order: if the price hits level A → place an order at level B.
• Good when: you can't monitor the charts all day.
• Example: afraid BTC will drop sharply → set stop at 95K, limit at 94.8K to cut losses automatically.
☘️ How to Place Orders on the Binance App (Spot).
1. Open the Binance app → Trade (Spot).
2. Choose coin pair (e.g.: BTC/USDT).
3. Choose order type: Limit – Market – Stop-Limit.
4. Enter price, quantity → Click Buy or Sell.
☘️ Common Mistakes Everyone Encounter.
• Enter Market recklessly: encounter low liquidity coins, buying at outrageous prices.
• Blurry Limit: set prices far from reality, coins run away.
• No Stop-Limit: the market crashes, watching your wallet evaporate.
• All-in one shot: one wrong move and you lose your capital, with no way to turn back.
Every mistake hurts, but learning from others saves tuition fees.
☘️ Trading Combo for Beginners.
• Accumulate coins for the long term: Limit price slightly lower than the market.
• Trade quickly according to trends: Market but with observation.
• Take profit: use Limit – set in advance, to avoid regrets.
• Automatic loss cut: Stop-Limit – auto run, no panic.
🍀 In Brief:
❗️ Understand 3 types of orders: Market – Limit – Stop-Limit.
❗️ Know when to use them, what the risks are.
❗️ Know how to place orders correctly.
Want to survive with crypto? Don't trade by 'feelings'. Knowing how to place orders is the first step to avoid being bait for the market.
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