#StopLossStrategies

Good morning Binancers!!!

A stop-loss order is a type of order used by traders to limit their loss or secure a profit on an existing position. Traders can manage their exposure to risk by placing a stop-loss order.

Stop-loss orders are orders with instructions to close a position by buying or selling a security in the market when it reaches a certain price known as the stop price.

They are different from stop-limit orders, which are orders to buy or sell at a specific price once the price of the security reaches a certain stop price. Stop-limit orders may not be executed, while a stop-loss order will always be executed (assuming there are buyers and sellers for the security).

Have a good day Binancers!!!