๐ฑ๐๐๐๐จ๐ฐ ๐ ๐๐๐ญ ๐ ๐๐ญ๐จ๐ฉ-๐๐จ๐ฌ๐ฌ (๐๐ญ๐จ๐ฉ-๐๐ข๐ฆ๐ข๐ญ) ๐จ๐ง ๐๐ข๐ง๐๐ง๐๐ โ ๐ ๐๐ข๐ฆ๐ฉ๐ฅ๐ ๐๐ฎ๐ข๐๐ ๐๐จ๐ซ ๐๐๐ ๐ข๐ง๐ง๐๐ซ๐ฌโ
When I first started trading crypto on Binance, my biggest fear was losing money in sudden market drops. Thatโs when I discovered Stop-Limit orders โ a simple but powerful tool that helps you protect your capital by automatically selling when the price hits a certain level.
Let me walk you through how I set mine up, step by step โ beginner-friendly and easy to follow.
Whatโs a Stop-Limit Order?
Itโs a type of order that uses two prices:
Stop Price: The trigger that activates your limit order.
Limit Price: The price at which your coin is actually listed for sale.
Once the market hits your stop price, a limit order is placed at your chosen price. This helps prevent bigger losses when the market moves fast.
Why I Use Stop-Limit Orders on Binance
Manage Risk: Avoid big losses during volatility.
Hands-Free Trading: No need to monitor the market 24/7.
Peace of Mind: I can trade confidently, knowing my downside is protected.
Step-by-Step: How I Set a Stop-Limit on Binance (Web Version)
1. Log In to Binance
Go to binance.com and sign in.
2. Open the Trading Interface
Click โTradeโ in the top menu, then select โSpot.โ
3. Pick Your Trading Pair
Use the search bar to find your pair (e.g. BTC/USDT).
4. Select โStop-Limitโ
Below the chart, click on the โStop-Limitโ tab.
5. Enter Your Stop and Limit Values
Stop: The price that triggers your order.
Limit: The price your order will be listed at .
Amount: How much you want to sell.
Example
If BTC is at $40,000 and you want to sell at $39,000:
Stop: 39,000
Limit: 38,900
Amount: 0.01 BTC
6. Click โSell BTCโ
Review the details and hit โConfirmโ in the pop-up.
