Day 16: What is a Stop-Loss Order?
Today’s lesson: protecting your capital!
A Stop-Loss Order is an automatic instruction to sell your crypto when its price drops to a certain level.
It’s like setting a safety net to limit your losses if the market moves against you.
Example:
You buy $BTC at $93,000.
You set a Stop-Loss at $91,000.
If Bitcoin’s price falls to $91,000, Binance will automatically sell your $BTC — protecting you from deeper losses.
Why Use Stop-Loss?
No need to watch the market 24/7.
Manage risk with discipline.
Avoid emotional decisions during high volatility.
Quick Tip:
Always plan your Stop-Loss before entering a trade — never after.
Have you ever used Stop loss Order
