Binance Beginner Series â Day 30 đ°
đŠ What Are Stop Orders? (Beginner Friendly Explanation)
When youâre trading, you donât want to stare at charts all day đđ
A Stop Order helps you automatically buy or sell when the price hits your chosen level đŻ
đč 1. Stop-Loss Order đ
This one protects you from big losses âïž
If the price drops to your set level, it will auto-sell to reduce loss đš
Example:
đ° Price = $100
đ§Ÿ Stop-Loss = $95
âĄïž If it hits $95, your order sells automatically đ§
đč 2. Stop-Limit Order đïž
Gives you more control đ§
You set two prices:
⥠Stop Price: The trigger point
đ” Limit Price: The price you want to buy/sell at
Perfect when the market is volatile đ
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đč 3. Why Should Beginners Use It? đ€
â Saves you from big losses
â Helps secure profits đ°
â No need to stay online 24/7 â°
â Keeps emotions under control đ§ââïž
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đ§ Quick Example (Super Easy)
You bought a coin at $10 đ
You set a stop-loss at $9 đš
If the coin drops â it auto-sells đȘâĄïžđ”
Thatâs a Stop Order, your automatic crypto bodyguard đĄïž
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