Stop Loss and Trailing Stop Loss in Spot Trading

[david678345]

Hi when I want to open a position in spot trading I dont see the option to set up a SL before opening a position (this is possible in futures)

Is there any exchange that offers to set up a SL before entering a trade in Spot?

[1714622192]

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[1714622192]

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[1714622192]

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[Bitcoin_Arena]

Hi when I want to open a position in spot trading I dont see the option to set up a SL before opening a position (this is possible in futures)

Is there any exchange that offers to set up a SL before entering a trade in Spot?

To the best of my knowledge. Bybit has this option of setting up a stop loss and take profit right before you open a position. As soon as you open one, the SL and TP conditional orders will also go live.

[sheenshane]

Try to contact these exchanges.

• Binance Future
• Bybit Future
• OKX
• Kucoin
• Bitfinex
• Bitmex

If you want to confirm that exchange support or offer trailing stop-loss buy orders, just directly contact their support to confirm what you need.
Because each exchange has different features on trailing stop-loss limit orders.

[EarnOnVictor]

Hi when I want to open a position in spot trading I dont see the option to set up a SL before opening a position (this is possible in futures)

Is there any exchange that offers to set up a SL before entering a trade in Spot?

You make me laugh. Have you ever seen a car without a brake? If the answer is No, then you cannot see a broker/exchange without the stop loss. What I can only suspect is that you do not know how to place it with them, and the best you can do is to contact their support for help since it varies. Also, you may try to view their tutorials about this, it is mostly in the form of videos with exchanges. I am sure it will be an effective guide for you.

In my experience with trading, brokers/exchanges give options for the setting of your Stop loss and even Take profit before you open a trade. But in case you opened the trade before you want to set it, the option is also there. All you need to do is to modify the active trading position and you will be fine. However, the advice to give you is limited because you did not post the name of the broker or exchange you are talking about for a proper guide. Had it been you did, I would have helped you with the direct image of how it could be done for pre and post-trade settings.

Let me know if you will need more advice in this reagrd, but let the name of the broker/exchange you seek help with be added.

[Wapfika]

Hi when I want to open a position in spot trading I dont see the option to set up a SL before opening a position (this is possible in futures)

Is there any exchange that offers to set up a SL before entering a trade in Spot?

There’s a different ways to do stop loss on spot market compared to futures market. Spot market doesn’t give you the same mechanics of stop loss on futures market because you are not trading with contracts but rather spot.

Trailing stop loss is the most common way to do stop loss on spot market. You can see this feature when you choose what kind of order do you want to initiate (in the field contains limit order, market order and other order type). You can read the full guide on how to use trailing stop loss here https://www.binance.com/en/feed/post/690908

[OcTradism]

Some order types can use to prevent serious loss when the market crashes.

Stop loss
Stop limit
Trailing stop losss.

Stop loss is one of best weapons in trading.
If you want something better than Stop loss, you can consider Stop limit order that will help you to have two layers of protection against market crashes.
What is a stop limit order?

[BRINIRHA]

Hi when I want to open a position in spot trading I dont see the option to set up a SL before opening a position (this is possible in futures)

Is there any exchange that offers to set up a SL before entering a trade in Spot?

Although not all spot trading pairs have the option to set SL. But I think on Binance and Mexc this feature is available. And several other exchanges too. Unless I misunderstood what you meant OP.

Try looking again at several spot trading pairs on Binance and several other large CEXs. And understand the features available there. Because from what I understand, SL also exists in the spot market, although it is not as simple as in the futures market. sorry if I misunderstood your meaning.

[Lakai01]

Hi when I want to open a position in spot trading I dont see the option to set up a SL before opening a position (this is possible in futures)

Is there any exchange that offers to set up a SL before entering a trade in Spot?

Although not all spot trading pairs have the option to set SL. But I think on Binance and Mexc this feature is available. And several other exchanges too. Unless I misunderstood what you meant OP.

Stop losses are actually offered by all major exchanges, from Kraken to MEXC and Binance. OP, however, wants to be able to set the stop loss before he opens the trade (even if the meaning behind it is not entirely clear to me ). To be honest, I've never seen that in spot trading ... but would never have needed it either.

Brokers like Bitpanda or the Kraken broker do not offer stop loss and co. by the way, you have to switch to the respective Pro-Exchange (Kraken Pro, ...)

[Luizwalter Crypt]

Hi when I want to open a position in spot trading I dont see the option to set up a SL before opening a position (this is possible in futures)

Is there any exchange that offers to set up a SL before entering a trade in Spot?

Setting stop loss and take profit Margin does not necessarily mean u must set it while opening the trade position. You can figure the sl and tp out, open your position and head to set it carefully. I think before you venture into trading please there should be a little level of experience so you don't gamble on trades with emotions on the market. A quality position in a bigger time frame will keep your mind at rest and allow you to set up your sl without fear of surden loose. Then the trailing loss I hope you already know what that means. That you'll have to be moving it along with the trade progress.

You can contact the surport team of the exchange if you are ignorant of were to go set it.

[wxa7115]

Hi when I want to open a position in spot trading I dont see the option to set up a SL before opening a position (this is possible in futures)

Is there any exchange that offers to set up a SL before entering a trade in Spot?

Contact the customer support of your favorite exchange or watch some tutorials, this is one of the most basic features that an exchange could offer, and to no offer it could become such a huge drawback that it would not surprise me if many traders decided to leave that exchange behind as the risk of trading without a stop loss is too big to ignore.

Also you did not even mentioned the exchange you are using, which could make it easier for the members of the community to help you with this.

[bluebit25]

(...)Is there any exchange that offers to set up a SL before entering a trade in Spot?

If that feature is similar to you buying/selling and supporting your setup process with your portfolio. Like you buy bitcoin at $50000 spot price, and place an accompanying sell order at the level where you are willing to lose money (sell at $4x k).

There's really no need to overcomplicate some features when we can handle everything ourselves. And you should also understand that the use of spots and futures is completely different when an asset still belongs to you, and an asset does not belong to you.

[el kaka22]

Trailing stoploss is amazing during bull runs. If you use that and keep on trying to figure out what you are going to do with all the money you will make, that would very well be the only things you have to do. Because if you use trailing stop loss and go all in, then you are going to make a lot of money.

Price will keep on rising and rising and rising during the bull run, and you will keep on profiting during that period, if you are doing a good job then you should be able to make good enough money to not worry about anything else. I have done that during 2021 for the first time ever and I can't explain to you how much glad I ended up that bull run, I am super thankful to the people here on this forum that explained what trailing stop loss is at that time.

[GreatArkansas]

Another alternative for OP is to use futures trading and use 1x leverage where it will look like a spot but not good I believe because the fee is higher when you do this and much better to use the spot market.
Because the case of OP is very common for futures market where you can set immediately stop losses upon opening a trade.

[OcTradism]

Another alternative for OP is to use futures trading and use 1x leverage where it will look like a spot but not good I believe because the fee is higher when you do this and much better to use the spot market.
Because the case of OP is very common for futures market where you can set immediately stop losses upon opening a trade.

The fee with futures trading is very expensive than spot trading and it isn't only risk.

There is another risk that from 1x leverage, it's easily to increase the leverage to higher number and amateur trader will easily lose control on leverages and their greed, fear. From a good beginning, it possibly ends as nightmare with higher leverages and forced liquidations, not only about more expensive fee.

[crwth]

Or maybe you can just put a limit order for yourself in the lower area as long as you tick the "Post Limit Order", making sure that it would be a limit order and not a market order. You can sell it as a sell part and set the order price and then you can tick the Post limit and then just let the trades happen. It's quite easy now, IMO, because now it's just part of your order already in some exchanges compared to before because this is the manual way,

[el kaka22]

Trailing stop loss is by far the better option and everyone should focus on that no matter what, because stop loss is just a steady number that doesn't change, and yet the real price changes all the time, we were barely at 50k just 10 days ago or so if I do not remember it wrong, and now we are at 60k, which shows you that the price changes, lets assume that you bought at 52k and put stop loss at 50k, if the price is not 60k, why would your stop-loss be at 50k anyway? You could do it at 57k.

This is why if you want to stay in profit and do better, specially during the bull periods like we are at right now, we could consider the situation to be a lot more important if you pick the trailing stop loss. This way you can profit a lot more when it has a correction.