[GUIDE] How to place stop loss sell order.

[CryptopreneurBrainboss]

For those guys appreciating OP but saying they don't use stop loss/limit because they prefer buying and hodling seems you guys are confusing yourself, first you're on a trading board, secondly hodling isn't trading don't confuse the two. Stop loss aren't bad, they help reduce much losses although when using such advance trading option you should know you're likely to be a victim of the crypto whale selfish act of crashing the price of that particular coin to take advantage of stop loss order. A popular case happen on binance exchange, crashing a particular coin (can't remember the name though) and there's every possibility of that happening again in future. Personally, I  don't use the feature but it isn't that bad.

[1713502905]

1713502905

[1713502905]

1713502905

[traderethereum]

It would be much more better if you can give the same tutorials but for other exchanges.

Yea I should explain with another exchange also. I think this feature is like as same as all(most of the) exchanges. Generally most of the trader are using binance for this reason I choose binance. But If I will found anything different in another exchange I will update on the OP with more details.Thanks

I think you can try with poloniex too because I see that exchange have a stop loss too, but it's a different name with binance. I remember that I already use that feature especially if I don't know what price I should place to buy or sell. But if you are not familiar with trading in poloniex, then you can search the other exchange.
I hope that you don't stop the lesson and give the other lesson to us so we can get more information about trading especially for the new people who want to try trading.

[gabmen]

It would be much more better if you can give the same tutorials but for other exchanges.

Yea I should explain with another exchange also. I think this feature is like as same as all(most of the) exchanges. Generally most of the trader are using binance for this reason I choose binance. But If I will found anything different in another exchange I will update on the OP with more details.Thanks

I think you can try with poloniex too because I see that exchange have a stop loss too, but it's a different name with binance. I remember that I already use that feature especially if I don't know what price I should place to buy or sell. But if you are not familiar with trading in poloniex, then you can search the other exchange.
I hope that you don't stop the lesson and give the other lesson to us so we can get more information about trading especially for the new people who want to try trading.

It's pretty similar. Any exchange who has this feature would likely have almost the same interface. And it's not that hard to understand. The first time i used stoploss it's ptetty much self explanatory. Just try browsing that part of the exchange and i'm sure you won't have a hard time.