How To Put a Stop Loss on Binance 2024 (Step By Step)

how to put a stop loss on Binance

Hey guys, welcome to this new video. In today's tutorial, I'm going to show you how you can use the stop

loss on Binance and actually what is that? So let's get into it. So first of all, as you can see, I'm already into my Binance

exchange profile. So what we want to do is to focus on the market side or the trade

side. So we can go into the trade side. Alright, so if you are a beginner, actually just like me, you don't have

to worry about all this information. So we want to focus on the very

low part of the website. So I'm going to go scroll down and see the spot. And then here we have the limit spot

We have the market and we have the stop limit. Now this one

is what we want to use. So the market is to buy or

sell a specific token at the price of the market on time. If you want a limit, you want to scroll up and what you

want to see is the little graphic that is right in here. So if

the price of the USDT is $37.674 and you want to buy with a little bit

higher price, you just select $37.75 and you can go on. But if we select the stop limit

let's say you're buying the crypto USDT and the price is getting a little bit higher. So what you guys want to do is to wait

until this one goes down. But if you expect that your token

goes up, let's say you bought the token right in here, but the token is going down

If you don't want to lose more money, let's say that right now

the currency of the USDT is $37.680 right? So I'm going to say that I want to sell

all my assets when the stop limit reaches $37.678. And on the limit you want to

put like the same amount, just with a bit of difference. This one is $78, I'm going to put into $75

So that way I know that if I am losing a little bit of tokens, I know

that when the market reaches this new price then it's going to be sold right away. So I don't have to

wait on the computer for long periods of times. So for example, right now the price of this specific token is

$.00283. So what I want to do is to stop the limit when this one reaches the

$85. And the limit I'm going to leave it like into $80 or

$82. And what I want to do is to use my total amount

so I'm going to scroll and I'm going to drag this bar

into 100% and go into buy burger. So the order confirmation is going to be right in here. So as you can see right here

it says if the last price rises to or above the one that we

just put right in here, an order to buy a 9 burger

at a price of $.00282 will be placed. So if you are aware of that, it's going to confirm. And you're going to

see your order right in here, or you can see it in your order history

And just in case that this doesn't work or if you don't want or you want to make another trade

or something, you just get into cancel all. And there you have it guys

And lastly, just in case you have more questions about the spot

you can go and select this option right here where it says spot tutorial

Now it says welcome to the Binance spot. And this little tutorial is going to

show us how we can use the Binance spot step by step. Just in case you have any questions, you can leave it down below in the comments

Don't forget to like and subscribe to this channel. If you want to see more about Binance

Thank you for watching the video and I'll see you guys on the next one