One of the most important lessons I’ve learned in crypto trading: don’t let one bad move wipe out your whole portfolio.
That’s why I always use a Stop-Loss to protect my capital. If you’re new to it, don’t worry — I’ll walk you through exactly how I set it up on Binance, step by step.
What is a Stop-Limit Order?
Let me break it down with a simple example:
I buy a coin at $100.
I tell myself, “If it drops to $90, I want to automatically sell before it goes even lower.”
That’s exactly what a Stop-Limit order does. It helps me lock in losses at a level I’m comfortable with — before the market dips further.
How I Set a Stop Loss on Binance (App or Web)
Here’s how I do it:
Open the Binance app or log in via browser
Go to the Trade section
Choose the trading pair (e.g., XYZ/USDT)
Tap Sell
Change the order type to Stop-Limit
Now I fill in 3 important fields:
Stop (Trigger Price): 90.00
Limit (Sell Price): 89.50
Amount: 100% of my holding or any portion I want to sell
Then, I hit Sell XYZ and that’s it. I’ve got a safety net in place.
Stop vs. Limit — What’s the Difference? Stop: The price that triggers the sell order
Limit: The price I want to sell at — usually set a bit lower to increase the chance of execution
So if the price hits $90, Binance will try to sell my coin at $89.50.
Why I Always Use a Stop-Loss
In this volatile market, I’ve realized it’s not just about winning — it’s about protecting what I’ve already earned.
It saves me from deeper losses
Keeps emotions out of the trade
And gives me peace of mind, even when I’m not watching the charts
Pro Tip from My Experience:
Practice setting stop-limit orders with small amounts.
Get used to the process before applying it to big trades.#Binance
Discipline protects your money — not hope.
