You can easily use stop-limit orders on Binance for greater control over your trading. You can’t always be at a screen 24/7, and with crypto being so volatile, you can be left with unexpected losses. Leaving large amounts of crypto without any protection from volatility isn’t a responsible way to trade. Once you’ve set up a trading plan, you can easily use stop-limit orders to stick to it.at $15,000 , and the price of Bitcoin is now $40,000.
You first set the stop price to $32,000. This is the price that will trigger your limit order. You then set the limit price to $30,000, meaning your 1 BTC will sell for $30,000 or better if the stop price is reached. By leaving a gap between the stop price and limit price, your stop-limit order has the best chance to fill. Without a gap, the market price could move below your limit price without filling your order.
Note that a stop-limit order isn’t always guaranteed to fill, but when they do, you will always get the price you set or better. For more information on how to use stop-limit orders, check outAlthough we offer educational and research materials through Binance Academy and Binance Research, this should only be the beginning of your analysis.
products. Only you know best your risk profile and what’s suitable for your portfolio. Before you start investing and trading, make sure you have a good understanding of where you're putting your money.
Planning your trade is very important..
Just use bots
Careful, y'all!
Good tip.
on the bitmart floor, the quantity is only 100 dong. 2 days increase 430% expected to increase to 500usd
You don't just use stops there's a way it's used I learnt this the hard way but am glad I learned it!
People always forget using stop limits and are always greedy lol
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Good lesson
Using a stop-loss is very useful.
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What? No. Put all eggs in one basket. BNB. Let that ride take you to a stratosphere.
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Who looks like me in the capacity of the rock
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1. Invest Money you Don’t need in short term 2. Execute your own system by following your rules 3. Learn how to manage risk (Focus on risk, not money) 4. Build an investing habit (Develop skills like confidence, discipline, patience) 5. Control your emotions 6. Play the Long…
Great points! Here are some more to expand on those: Understand your own tolerance for risk Know what your budget is (how much you can lose)
Nice one, I also listen to ChiefraFba for signals and analysis!
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wen devs make ur app faster? its laggy af
Sometimes the FOMO itch is hard to stop 😂but definitely go with that regularly 👆
It’ll help tremendously if enabled Trailing Stop orders again !!!
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What would we do if there was a huge gold reserve in Africa and the gram price of gold dropped like lunc? We buy with weight, invest and wait. Dokwon and CzBinance do this and collect it cheaply.
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Follow up for signals
Bitcoin has fallen too seriously recently.
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Thank you
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No matter how responsibly you trade the Binance fee will fk to the maximum 😂
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