#tradelessons How to use the Stop-Limit order on the Binance platform
Illustrative example:
Let's assume you bought DOGE at a price of $30, and you want to automatically sell it if the price drops to $28 to minimize losses.
Steps on the Binance app or website:
1. Log in to your Binance account from the app or browser.
2. Go to the *"Trade"* section and search for the currency pair *DOGE/USDT*.
3. Select *"Sell"*, then change the order type to *Stop-Limit*.
You will see three fields to fill out:
*Stop*: the price that activates the sell order (example: *28.00*)
*Limit*: the price at which the sale will actually occur (example: *27.80* – make it lower than the activation price to ensure quick execution)
*Amount*: the quantity you want to sell (for example: *100%* or a portion of it)
After that, click the *"Sell DOGE"* button to complete the order setup.
Important notes:
- *Stop*: the price at which the order execution begins (28.00)
- *Limit*: the price at which the currency is offered for sale (27.80)
It is preferable for the Limit price to be slightly lower than the Stop to ensure the order is executed before the price drops further.
If the price of *DOGE* reaches *$28*, it will automatically be offered for sale at *$27.80*.
