Trading without risk control is like driving without brakes — eventually, it ends in disaster. 🛑 Don’t let that happen to your crypto portfolio!
🔑 What They Really Do
Stop Loss (SL):
Automatically sells your position if the price drops to your set level.
👉 Goal: Protect your capital, limit losses.
Take Profit (TP):
Automatically closes your trade when price hits your target.
👉 Goal: Lock in gains before the market flips.
🛠 Setting SL & TP on Binance
1️⃣ Go to your trading pair (e.g., LINK/USDT).
2️⃣ Choose Stop-Limit or OCO (One-Cancels-the-Other).
3️⃣ Enter your Stop Price (trigger) and Limit Price (execution).
4️⃣ Set Take Profit at a realistic target.
5️⃣ Confirm & relax — Binance does the work!
📌 Pro Tips for Smart Risk Control
✅ Never risk more than 1–2% of your portfolio per trade.
✅ Place SL below key support (or above resistance for shorts).
✅ Adjust TP using risk-reward ratio (e.g., 1:2 or 1:3).
💬 Question for traders: Are you using SL & TP on every trade, or still gambling without brakes? Drop your answer below 👇
#Binance #cryptotrading #stoploss #TakeProfits #RiskManagement 
