How to Set Stop-Loss on Binance: Spot and Futures Guide

Why Stop-Losses Are Essential

A stop-loss automatically closes your position at a predetermined price to limit losses. Without one, a bad trade can wipe out your account.

Setting Stop-Loss on Spot

Method 1: Stop-Limit Order

1. Go to Spot trading
2. Select Stop-Limit order type
3. Set Stop price (trigger price)
4. Set Limit price (execution price, slightly below stop)
5. Enter quantity
6. Click Sell

Example: You bought BTC at $100,000

• Stop price: $97,000 (trigger)
• Limit price: $96,800 (execution)
• This limits your loss to ~3%

Method 2: OCO Order (Recommended)

OCO (One-Cancels-Other) sets both take-profit and stop-loss simultaneously:

1. Select OCO order type
2. Set Limit sell price (take-profit)
3. Set Stop price and Limit price (stop-loss)
4. When one triggers, the other cancels

Setting Stop-Loss on Futures

Method 1: Stop Market

1. Open your futures position
2. Click Stop Market in the order panel
3. Enter stop price
4. This guarantees execution (may have slippage)

Method 2: Through Position Panel

1. Find your open position
2. Click the TP/SL button
3. Enter your stop-loss price
4. Confirm

Where to Place Your Stop-Loss

Strategy	Stop-Loss Level
Tight (scalping)	0.5-1% below entry
Medium (day trade)	1-3% below entry
Wide (swing trade)	5-10% below entry
ATR-based	1.5-2x ATR below entry

Common Mistakes

1. No stop-loss at all — the biggest mistake
2. Stop too tight — gets triggered by normal volatility
3. Moving stop further away — defeats the purpose
4. Stop at round numbers — everyone else’s stop is there too
5. Using stop-limit in fast markets — may not fill; use stop-market