🔐 What is a Stop Loss?
A **Stop Loss** automatically exits a trade if the price moves against you, limiting losses. It’s essential for risk management—especially when you’re not actively monitoring the market.
**Example:** Buy BTC at $30,000 and set a Stop Loss at $28,000. If BTC drops to $28,000, your position sells, preventing further losses.
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🚀 Stop-Limit Order Explained
A Stop-Limit Order has two parts:
1️⃣ Stop Price – Triggers the order.
2️⃣Limit Price – Sets the execution price.
Example (Selling BTC):
- Stop Price: $27,800 (triggers the order)
- Limit Price: $27,750 (minimum acceptable sale price)
⚠️Note: If the price falls too fast, the order may not fill.
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📲 How to Set a Stop-Limit on Binance
1. Go to Spot Trading.
2. Select "Stop-Limit" order type.
3. Enter Stop Price, Limit Price, and Amount.
4. Confirm "Sell" or "Buy."
✅Done! Your trade is now protected.
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💡 Why Use Stop-Limit Orders?
✔️ Limit losses
✔️ Lock in profits
✔️ Trade without emotion
🔥 Smart traders plan ahead!
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💬 Discussion:
Ever missed setting a Stop Loss? Share your experience below! ⬇️
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