How can I protect my investments on Binance by setting a stop loss for a digital asset?

3 answers

• Thyssen JohnsenJun 26, 2021 · 4 years ago
  Sure, setting a stop loss on Binance is a great way to protect your investments. Here's how you can do it: 1. Log in to your Binance account and go to the 'Trade' tab. 2. Select the digital asset you want to set a stop loss for. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price and the limit price. The stop price is the price at which you want the stop loss to trigger, and the limit price is the price at which you want to sell the asset. 5. Set the quantity of the asset you want to sell. 6. Click on the 'Sell' button to place the stop loss order. Remember to set the stop price and limit price carefully to ensure that your stop loss order is executed effectively. Good luck with your investments on Binance!
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• Stevenson LindegaardDec 04, 2020 · 5 years ago
  Protecting your investments on Binance is crucial, and setting a stop loss can help you minimize potential losses. To set a stop loss for a digital asset on Binance, follow these steps: 1. Log in to your Binance account and navigate to the 'Trade' section. 2. Choose the digital asset you want to set a stop loss for. 3. Click on the 'Stop-Limit' option. 4. Enter the stop price and limit price for your stop loss order. 5. Specify the quantity of the asset you want to sell. 6. Confirm the details and place your stop loss order. By setting a stop loss, you can automatically sell your digital asset if its price reaches a certain level, protecting your investment from further losses. Make sure to regularly review and adjust your stop loss orders as the market conditions change.
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• Abdo ElwakelJan 16, 2025 · 7 months ago
  Protecting your investments on Binance is essential, and setting a stop loss is a smart strategy. Here's how you can do it: 1. Log in to your Binance account and go to the 'Trade' section. 2. Select the digital asset you want to set a stop loss for. 3. Click on the 'Stop-Limit' option. 4. Enter the stop price and limit price for your stop loss order. 5. Specify the quantity of the asset you want to sell. 6. Review the details and confirm your order. Setting a stop loss helps you limit potential losses by automatically selling your asset if its price drops to a certain level. It's an effective risk management tool that can protect your investments on Binance.
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