Stop loss crypto Binance

A lot of you guys asked to prepare the tutorial on how to set Take Profit and Stop loss in Binance? If you still miss Binance join it here, its one of the best exchanges for crypto.

Alberto the master trader has prepared a quick tutorial for you here:

First of all Let's talk about the difference between Limit Orders and Stop-Limit Orders:

We know this could be confusing (Dont worry, here you have an example)

Limit order: i.e. Your price is currently 98 and you want to buy with an order price of 100, then your order will be filled as 98 is an even better price than 100. Now Imagine the price is 105 and your order price is 100 then your price is waiting to be at least 100 in order that your order gets filled. you are waiting for your price or better price to be filled

Stop-Limit Order: i.e Your price is 98 and your order Stop price is 100 and limit price 97, then your order WONT be filled immediately in this case as you are waiting for the price to reach (mandatory) 100 (the stop price) and once the price reaches 100 level, then now you are looking to buy at 97 (limit price) (meaning that you don't want to buy at 100, you only wanted the price to reach 100 to buy it then back at 97 (so the price needs to retrace to get filled)

Let me show you step by step how to put take profit and stop loss on Binance using the Limit order:

Click the image to zoom!

And here is the order Stop limit step by step:

And in case you want to open a market order, here is how you do it:

Very important Tip: Dont forget to put your Profit Targets because we can close our trade sooner than expected taking advantage of market volatility. Look at the chart below

how PRICE peaked for some minutes triggering all our Profit Targets then came back to normal but who cares, we took advantage of the peak and took our profits out from the market:)! It happens also to the down, but dont be fooled by the market and dont let those peaks trigger your stop loss and wait for the market to be back to normal: Summary: Let the peaks activate your profit targets but not your stop losses

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