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How To Set a Stop Losses And Take Profits on Binance





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How To Set a Stop Losses And Take Profits on Binance cryptocurrency exchange

In this video we look at how to set a stop loss and take profit markers on the exchange Binance.

Firstly you can only set a stop a loss and or a take profit in the spot section. You cannot do both at the same time. This can only be done in the futures section of Binance.

Trading Platforms That I use:
3 Commas to automate my trades:

Tradingview for charts:

Binance as a one stop shop for crypto:

These are all the indicators I use and how to use them:

1) How to use the EMA (Exponential Moving Average) indicator

2) How to use the RSI (Relative Strength Indicator)

3) How to use the MACD

4) How to use Bollinger Bands

5) Ichimoku Trading Strategies – Tips for Trading Beginners

Vídeo

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34 Comentários

  1. What it the upside in the stop limit order by creating the order after the stop has been met? Why not just create a limit stop which activates immediately regardless of where the price is? Is it to keep the order out the order book until you are close to your limit order? Not clear here of the reason

  2. On trading spot Binance, can we put a Stop-Loss as well as a Limit-Sell order to take profit ? Because when I set up a Stop-Loss Limit, it tells me I don't have enough funds to open a Limit-Sell order (it seems it's because it doesn't allow me because I already have an open order with all my available tokens). I know that when trading futures, I can put a limit order to take profit as well as a stop loss, but I'm not quite sure when it comes to trading spot. Could someone please help me on that ?

  3. when i try to do a stop loss the confirmation says it will sell if it rises above the stop instead of drops below. how do i change this? Thanks

  4. The best decision I have ever made in my life is investing in the financial markets. Trust me guys, it pays alot. I have come to realize that trading bitcoin is more profitable than holding it and waiting for it to skyrocket.

  5. why binanace doesn't allow both stop- loss and take profit at the same time? it is so limiting ..

  6. It can pay off handsomely to think outside the box and go where many investors fear to go. Trading can turn on a dime and very few investors have generated a long-term competitive advantage day trading.

  7. So far that I know in stock market the stop price become a market order in the moment is triggered, and the limit price it the limit you are willing to pay. So in your case at 97 the order become a sell market order, but it will be filled from 95 or above. This means that that if the price gap down very quickly and goes at 90 and you don't get filled at 95 or above, your are still in the trade. Is crypto order different from normal stock market orders? This is why I am concern that there is no a simple stop order in the platform. Thanks for the video.

  8. Thanks heaps, man! I wish I knew this before taking a big hit with SHIB overnight tumble, but now I know how to avoid such lo$$e$ in the future and take profit$ too. Much respect …

  9. Is there any way to put an order to sell at high price and buy at low price at the same time? And the buy doesn't get executed until the sell gets completed?. For example: Current price is 1000 USDT, Sell everything at 1100 USDT, Buy at 900 USDT only if the buy at 1100 USDT happened before.

  10. what happens with your open position after one of the conditions is met? TP/SL
    I did a trade as you suggest and after I reached the TP margin, the order was executed but then I was still having my position open. So 0 orders and 1 position open.
    Thank you

  11. one more question, sorry. I don't find eh Positions/Trade History tab at the bottom of my graph. What can I do to make it visible? Thanks

  12. the ZEC/USDT graph from spot trade is exactly the same trend as the one from features? Thanks

  13. no that doesn't work if i have several coins in the wallet with no limits or stop limits how do i add this

  14. Hassan i have watched this vid several times such good simple explanation of content but, can i ask if i have coins in my wallet i want to trade then the principle is the same , i have QNT but if i want to stop losses and take profits then i trade QNT for USDT As they are a pair? ….

  15. MY PROFITS 👆👆👆👆👆👆IS BEEN RECEIVED SUCCESSFULLY, THANK YOU SIR FOR YOUR FAITHFULNESS AND HONESTLY IT WOULDN'T BE POSSIBLE WITHOUT YOUR HELP, GOD BLESS 🙏🙏🙏YOU AND YOUR COMPANY FOR PUTIN SMILES IN THE FACE OF ME AND MY FAMILY……….

  16. I just don't get why did you put the stop and the limit so low – why 97-95 when bought at 125? Isn't it better to choose a higher margin, say around 120?

  17. Thanks for your informative video. Very easy and simple explained. Great job./Wish you all the best.