Is there a tutorial on how to use stop loss feature on Binance for my crypto investments?

3 answers

• Ricardo Caeiro de AbreuApr 03, 2021 · 5 years ago
  Sure! Using the stop loss feature on Binance can be a great way to manage your risk and protect your investments. Here's a step-by-step tutorial: 1. Log in to your Binance account and navigate to the trading page. 2. Choose the cryptocurrency you want to set a stop loss for and click on the 'Stop-Limit' tab. 3. Enter the stop price, which is the price at which you want the stop loss order to be triggered. 4. Set the limit price, which is the price at which you want the stop loss order to be executed. 5. Specify the quantity of the cryptocurrency you want to sell if the stop loss order is triggered. 6. Review the details and click on the 'Sell' button to place the stop loss order. Remember to carefully consider your stop price and limit price to ensure they align with your investment strategy. Happy trading!
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• legacy-code-devOct 09, 2024 · a year ago
  Absolutely! The stop loss feature on Binance is a powerful tool for managing risk in your crypto investments. Here's a simple guide to using it: 1. Login to your Binance account and go to the trading page. 2. Select the cryptocurrency 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 the stop loss order to be triggered. 5. Set the limit price, which is the price at which you want the stop loss order to be executed. 6. Specify the quantity of the cryptocurrency you want to sell if the stop loss order is triggered. 7. Double-check the details and click on the 'Sell' button to place the stop loss order. Remember to do your own research and consider your risk tolerance before using the stop loss feature. Good luck!
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• Frank OlivierApr 12, 2021 · 5 years ago
  Definitely! Binance offers a comprehensive tutorial on how to use the stop loss feature on their platform. You can find it in the 'Help' section of their website. The tutorial provides step-by-step instructions and screenshots to guide you through the process. It's a great resource for beginners and experienced traders alike. Make sure to check it out!
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