Excellent friend, this is how it should be. We should all manage a stop, for the sake of the capital.
CryptoFrancoARG
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Bullish
The other day a follower asked me: 👉 “How do I use the stop loss?”
And I thought it was crucial to respond because the stop loss can save you from losing everything in a sharp drop. Many beginners jump into a crypto, get excited, and don’t set any limits. Result: if the price plummets, they end up staring at the screen with their heart in their mouth.
🎯 What is the stop loss?
It is a tool that allows you to automatically sell your crypto if it drops to a certain price. It’s like an “emergency insurance” to avoid losing more than you’re willing to.
Example: You buy $SOL at $150 and say “if it drops to $135, I want to exit.” You set a stop loss at $135 and that’s it. If the price falls, you sell automatically there.
📲 How to use it on Binance? 1. Go to Spot or Futures (depending on where you trade). 2. Choose the Stop-Limit option (or Stop Market if you want it to sell at market price). 3. Set up: • Activation price: the value at which you want the sale to be activated. • Sale price: the value at which you want to sell (it can be the same or a little less). • Amount: how much you want to sell.
Done. You don’t need to be in front of the computer all day.
🔒 Why is it important to use it?
✅ You protect your capital. ✅ You avoid emotional decisions. ✅ It forces you to have a plan. ✅ You sleep better, literally.
🚫 What I do NOT recommend:
❌ Setting the stop too close (the price may move a little and take you out unnecessarily). ❌ Not using it “because I’m afraid it will activate” (then you’re afraid of losing, and that’s already dangerous).
💬 Do you use stop loss or go kamikaze?
Tell me in the comments how you manage risk.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.