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How to Set a Stop Loss on Binance - Proper Way to Use Stop Limit Order (Live Ripple Example)

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Do you want to learn how to set a stop loss on Binance and the proper way to use stop limit order? This 2018 Binance tutorial is for beginners already invested in cryptocurrency like Bitcoin and Ethereum and want to know how to use Binance exchange for buying and selling alternative coins. We start the video tutorial on the Binance dashboard, here we will search for Ripple coin (XRP) on the Bitcoin market. I will then proceed to the Binance advance chart page. Once on this page, I will teach you how to buy and sell altcoins using market, limit or stop-limit orders. I will start with a market order example. This is simply an order purchased directly off the order books and will be processed instantly. Next I will place a limit order, this is a more complex order type which involves a price trigger. In this example order I will show you how to assess the market and then set the appropriate price limit for purchasing Ripple. In the final section of the Binance tutorial you will see live Ripple examples of stop loss order and stop-limit order. Learning how to do these orders correctly will enable you to leave your computer screen without the worry of losing your money, instead you can actually make profits without pressing a button. ------------------------------------------------------ ☑️ Register to Binance and start to buy and trade altcoins: http://bit.ly/START-BINANCE 🎥 Learn How to Buy Altcoins on Binance Exchange: https://www.youtube.com/watch?v=8LkD5OvPmJI&t=3s 🎥 Learn How to Deposit Bitcoin from Coinbase to Binance: https://youtu.be/V5Fi9Avie4k ------------------------------------------------------ Connect with Satoshi Scope ✅ Steemit: https://steemit.com/@satoshiscope ✅ Tumblr: https://satoshiscope.tumblr.com/ ✅ Medium: https://medium.com/@satoshiscope ✅ Blogger: https://satoshiscope.blogspot.com/ ✅ Contact: [email protected] ------------------------------------------------------ 🚩 Note: The following content is not financial advice, this is my own personal advice/opinion after extensive research and experience. It is highly advised that you do your own research prior to making any financial investments. Any content should not be treated as explicit financial, trading or otherwise investment advice. 🚩 Disclaimer: The following video content and description may include affiliate links. This means if you click on one of these product links, I will receive a small commission. These commissions help support my channel and I only use reputable companies and products that I personally use. Thanks so much for your support!
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Text Comments (37)
Satoshi Scope (2 months ago)
What is your favorite trading pair on Binance? Bitcoin, Ethereum or Binance Coin? Let me know in the comments below. Thanks for watching :)
Zambo (7 days ago)
ONT BTC and EOS BTC
Ricardo Nepacina (1 month ago)
Tron Trx🚀
eth
david woods (1 month ago)
whether you are aware or not when we tried to post a public comment about this video it simply disappeared and did not post.
david woods (1 month ago)
thank you for this detailed video it was exactly what we were looking for.
Don Rene (3 days ago)
if i have 10eth for exemple.. i want a stopploss and a takeprofit. i think on binance you just can make 1order for the coin. u can say stop loss 5eth and profit for 5 eth.. but not stoploss for all 10eth and then also make a profitstop for these 10.. you just can use the coin once... or is there on binance a possibility to use both stops for the one and same coin??? thx for the video.. i can show these to my friends
Crypto Mogul (11 days ago)
very easy to understand and I love the live example because it shows what happens after you buy or sell
DST2223 (13 days ago)
Do you buy and sell all at the same time? Like you buy it then right away put in your stop loss to sell ?
DST2223 (13 days ago)
So when selling the LIMIT is what you actually want to sell it for. You do not want to sell it for anything less than the limit but the Stop is just the trigger correct ?
AllEyezOnMe AA (9 days ago)
yes thats what i understand also. Goodluck.
Hallam Hope (13 days ago)
Hello Satoshi. A very interesting video. I use limit orders and you are right you can find the order is not filled especially if you are aiming for a discount by placing your limit order below what I consider the base low, if you follow. So we buy in the red and sell in the green. the aim being to make a profit every time. Can you use the stop limit and still make a winning trade every time? And if so how or do I need to listen again because I was listening for that connection. My understanding of stop limits is you want to avoid making bigger losses. In my case I don't want to make any losses period which means I use a manual approach to set the limit buy physically buy when I think I am making a reasonable profit. Now you mentioned I could set a price at which I want to sell. What happens if the price goes past that price I have set to sell and nobody buys? Would this mean I would be left with a bag of coins hanging in the air? My limited understanding is what I call the manual approach of setting a limit order and physically selling can be counterproductive. Hallam in always sunny Barbados.
CryptoCult N.Y.C. (20 days ago)
GD Vid!
ercrypto 74 (22 days ago)
Thanks for the video.
Chew Chew Train (25 days ago)
GREAT explanation and storage advice. THANKS from Silicon Valley.
Boss Sofa (27 days ago)
Great video and thank you so much for the lesson now i can start trading.
Hallam Hope (1 month ago)
Excellent video and information. Very nice advice. I hit the like and subscribe. Really good video. Hallam in always sunny Barbados.
shiftcon (1 month ago)
Can you use lite coin to purchase tron on binance?
Benselama Mohsen (1 month ago)
your explain is easy to understand, thank you
mohamed kamal (1 month ago)
Amazing, organized way of explanation. Thanks
Jared Jalal (1 month ago)
Thanks a lot for sharing this. I have a question, what if the value for both limit and stop is same? What happens then?
Zeng kamei (30 days ago)
i have the same question....sell limit should be higher than buy.
Laine Golay (1 month ago)
I enjoyed the video, thank you. Also, I got a couple questions for you. First, can you actually trade on binance in USD? I thought you can only trade coins in it.Also, I hear a lot about how it's strongly advised to keep your coins in cold storage. Do you have any concerns about leaving your coins on the exchange?
Billy Santos (1 month ago)
thank you , very nice of you explaining this...
Nice video well explained thank you
peter heighes (1 month ago)
hi, great video, ive subscribed. I have a question, can i add two limit orders for the same coin so a stop limit to sell at a low price and a stop limit at say 5% increase ? so far from messing around i find that i can either place a safety stop limit to mitigate loss but cannot add a stop limit to sell at a higher price ? please help
Wesly G (14 days ago)
Is there a way to do this on Binance?
Hallam Hope (1 month ago)
That's what I am planning to do now.
Nistel84 (1 month ago)
Nobody talks about this and its the most important thing
Tim Pryor (1 month ago)
was a good video brother but looks a little creepy staring straight at the camera haha
david woods (1 month ago)
thank you for this video, the detailed explanation was exactly what we were looking for.
Satoshi Scope (1 month ago)
Not a problem at all. I'm glad I was able to help.

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