A stop limit order in Binance is an order that is placed to buy or sell a security at a specific price, known as the stop price. Once the stop price is reached, the order becomes a limit order and will only be executed at or better than the limit price.
This type of order can be used to help protect against losses if the price of a security falls below the stop price, or to take profits if the price of a security rises above the stop price.
NOTE: WARNING: Stop Limit orders on Binance are not guaranteed to execute at a specified price. The trade may be executed at a different price than the one you specified, which can result in a loss of funds. Additionally, if the order is not filled, you are at risk of missing out on potential trading opportunities. Please use caution when using Stop Limit orders and make sure to understand how they work before utilizing them.
A stop limit order can be placed as either a buy or sell order. For example, if you currently own shares of XYZ stock that you purchased for $10 per share, you might place a sell stop limit order at $9 with a limit of $8.50. This would instruct your broker to sell your shares if the price falls to $9, but only if they can be sold for $8.
50 or more. If the shares are unable to be sold at or above your limit price, then your order will not be executed.
Stop limit orders can be used in both rising and falling markets, and can be placed with either a market order or a limit order. However, it is important to remember that stop limit orders may not always be filled at your desired price, and you may end up selling your shares for less than you had hoped.
4 Related Question Answers Found
A stop limit order is an order to buy or sell a security at a specified price or better, after a given stop price has been reached. Once the stop price is reached, the stop limit order becomes a limit order to buy or sell at the limit price. A stop limit order can be used to attempt to limit losses or lock in profits.
A stop limit is a conditional order placed with a broker to buy or sell a security at a specified price. The order becomes a market order when the security’s price reaches the stop price. A stop limit order is not guaranteed to execute at the specified price.
A limit order is an order to buy or sell a security at a specified price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. Limit orders are not guaranteed to be executed. .
A limit order binance is an order to buy or sell a security at a specified price or better. A limit order is an instruction to a broker to trade a security at a certain price or better. Limit orders are used to buy or sell securities at a specific price.
