Are there any specific steps to follow when setting a stop loss on Binance?

5 answers

• AnatoliApr 29, 2021 · 4 years ago
  Sure! Here are the specific steps to follow when setting a stop loss order on Binance: 1. Log in to your Binance account and navigate to the 'Trade' tab. 2. Select the trading pair you want to set a stop loss for. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price, which is the price at which you want your stop loss order to be triggered. 5. Enter the limit price, which is the price at which you want your stop loss order to be executed. 6. Choose the amount of the cryptocurrency you want to sell when the stop loss order is triggered. 7. Click on the 'Sell' button to place your stop loss order. It's important to double-check all the details before placing the order to ensure accuracy. Keep in mind that stop loss orders are not guaranteed to execute at the exact stop price due to market fluctuations.
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• OfficialStjepanMar 04, 2023 · 2 years ago
  When setting a stop loss on Binance, you should follow these steps: 1. Login to your Binance account. 2. Go to the 'Trade' section. 3. Choose the trading pair you want to set a stop loss for. 4. Click on the 'Stop-Limit' tab. 5. Enter the stop price, which is the price at which you want your stop loss order to be triggered. 6. Enter the limit price, which is the price at which you want your stop loss order to be executed. 7. Specify the amount of the cryptocurrency you want to sell when the stop loss order is triggered. 8. Click on the 'Sell' button to place your stop loss order. Remember to review all the details carefully before confirming the order.
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• Pedro ParraJul 14, 2021 · 4 years ago
  Setting a stop loss on Binance is a straightforward process. Just follow these steps: 1. Log in to your Binance account. 2. Navigate to the 'Trade' tab. 3. Select the trading pair you want to set a stop loss for. 4. Click on the 'Stop-Limit' tab. 5. Enter the stop price, which is the price at which you want your stop loss order to be triggered. 6. Enter the limit price, which is the price at which you want your stop loss order to be executed. 7. Specify the amount of the cryptocurrency you want to sell when the stop loss order is triggered. 8. Click on the 'Sell' button to place your stop loss order. Make sure to review the details before finalizing the order to avoid any mistakes.
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• sidecarmonkey1Apr 21, 2025 · 4 months ago
  When it comes to setting a stop loss on Binance, here's what you need to do: 1. Log in to your Binance account. 2. Head over to the 'Trade' section. 3. Choose the trading pair you want to set a stop loss for. 4. Select the 'Stop-Limit' tab. 5. Enter the stop price, which will trigger your stop loss order. 6. Set the limit price, which is the price at which you want your stop loss order to be executed. 7. Determine the amount of the cryptocurrency you want to sell when the stop loss order is triggered. 8. Click on the 'Sell' button to place your stop loss order. Remember to verify all the details before confirming the order to ensure accuracy.
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• alan wangNov 25, 2020 · 5 years ago
  BYDFi is a great platform for setting stop loss orders on Binance. Here are the specific steps: 1. Log in to your Binance account through BYDFi. 2. Navigate to the 'Trade' tab on BYDFi. 3. Choose the trading pair you want to set a stop loss for. 4. Click on the 'Stop-Limit' tab. 5. Enter the stop price, which is the price at which you want your stop loss order to be triggered. 6. Enter the limit price, which is the price at which you want your stop loss order to be executed. 7. Specify the amount of the cryptocurrency you want to sell when the stop loss order is triggered. 8. Click on the 'Sell' button to place your stop loss order. Make sure to review all the details before finalizing the order to avoid any errors.
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