What are the steps to use stop loss on Binance and set up automatic sell orders?

3 answers

• Mar 01, 2022 · 3 years ago
  Sure, here's a step-by-step guide on how to use stop loss on Binance and set up automatic sell orders: 1. Log in to your Binance account and navigate to the 'Trade' tab. 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 your order to be triggered. 5. Set the limit price, which is the price at which you want your order to be executed. 6. Choose the quantity of the cryptocurrency you want to sell. 7. Click on the 'Sell' button to place your stop loss order. Please note that setting up automatic sell orders may vary depending on your specific trading strategy and preferences. It's important to carefully consider your risk tolerance and market conditions before using stop loss and automatic sell orders.
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• Mar 01, 2022 · 3 years ago
  Alright, here's a step-by-step guide to help you use stop loss on Binance and set up automatic sell orders: 1. Login to your Binance account and go to the 'Trade' section. 2. Choose the cryptocurrency you want to set a stop loss for. 3. Click on the 'Stop-Limit' option. 4. Enter the stop price, which is the price at which you want your order to be triggered. 5. Set the limit price, which is the price at which you want your order to be executed. 6. Specify the quantity of the cryptocurrency you want to sell. 7. Click on the 'Sell' button to place your stop loss order. Remember to carefully consider your trading strategy and risk tolerance before using stop loss and automatic sell orders. Good luck with your trades!
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• Mar 01, 2022 · 3 years ago
  Certainly! Here's a step-by-step guide to help you use stop loss on Binance and set up automatic sell orders: 1. Login to your Binance account and navigate to the 'Trade' section. 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 your order to be triggered. 5. Set the limit price, which is the price at which you want your order to be executed. 6. Specify the quantity of the cryptocurrency you want to sell. 7. Click on the 'Sell' button to place your stop loss order. Remember to carefully consider your trading strategy and risk tolerance before using stop loss and automatic sell orders. Happy trading!
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