𝗦𝘁𝗼𝗽-𝗟𝗼𝘀𝘀 & 𝗧𝗮𝗸𝗲-𝗣𝗿𝗼𝗳𝗶𝘁 𝗼𝗻 𝗕𝗶𝗻𝗮𝗻𝗰𝗲: 𝗪𝗵𝘆 𝗠𝗼𝘀𝘁 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗦𝘁𝗶𝗹𝗹 𝗚𝗲𝘁 𝗜𝘁 𝗪𝗿𝗼𝗻𝗴
Many Binance users believe that entering a trade is the most important step.
In reality, exit management is what separates consistent traders from emotional ones.
𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗦𝘁𝗼𝗽-𝗟𝗼𝘀𝘀?
A stop-loss is an automatic order that closes your trade when price reaches a level you predefined as unacceptable loss.
Without a stop-loss:
📍Losses grow uncontrollably
📍Emotions take over
📍One trade can destroy weeks of progress
On #Binance , stop-loss orders help you:
📍Limit downside
📍Protect capital
📍Trade without watching charts constantly
𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗧𝗮𝗸𝗲-𝗣𝗿𝗼𝗳𝗶𝘁?
A take-profit automatically closes your trade when price reaches your target.
Why this matters:
Greed is a silent account killer
Many traders turn winning trades into losses
Discipline disappears when profits are visible
The mistake most beginners make
They place a stop-loss after entering emotionally.
Professionals define risk and reward before entry.
📌 𝗚𝗼𝗹𝗱𝗲𝗻 𝗿𝘂𝗹𝗲: If you don’t know where you will exit before entering, don’t trade.
Do you define SL & TP before every trade?
#BinanceTrading #RiskControl #TradingEducation @Binance Square Official @Daniel Zou (DZ) 🔶