/biz/ - Business & Finance

>>16880156
>lower than limit
*limit price

>>16880156
I think bitmex is better, they explain stuff there too. I can't say for sure since I'm looking into leverage trading as well but haven't started yet

>>16880156
There are 5 minute guides on binance that explain this. Or just google "OCO". Learning the basics of all these trading features won't take you longer than 30 minutes. Not sure why you want to leverage trade at x5 when you don't even understand the very basics. I guarantee you will lose lose all your money.

>>16880496
you couldnt even answer the question which would literally take you like 10 seconds since you apparently already know

>>16880690
baby needs his hand held? look it up faggot, he just said youtube has basic ass guides for retards like you

>>16880715
I did look up yourube vids, dumb bitch. They always skip over this, asswipe

>>16880715
>>16880496
if youre going to be useless, how about you go fuck yourselves?

>>16880715
especially you, dumbass. I bet you dont even know shit.

>>16880715
Cmon, retard. Prove you know just ONE thing about this. Dont even tell me everything. Just answer one of the 2 questions I have about take profits and limit stops (stops at losses).

If you give me one answer, Ill still have to look up the other. This way Ill still have to look for it and you can prove you arent a tucking retard that pretends in order to feel superior. Cmon faggot. Dont pussy out now

>>16880715
cmon bitch. Lets see if you know shit. Aww dont be a pussy. Cmon. Let me guess?
>I dont got ta prove nuffin!
kek

>>16880156
Are you in a position, or attempting to enter one with a stop?

>>16881036
>>16881053
>>16881084
>>16881114
yo this is mega cringe
leave this website or at the bare minimum stop posting for at least 2 years

>>16881332
Havent opened a position yet since I want to be 100% sure on how these functions work

>>16881449
Assuming you got the information you needed, what would you do?

>>16881505
I am doing a trial of a group that does signal alerts. Ive been looking at their entry times, exit times, time trade took place, and the rois. I see good things.

>>16881817
*exit price

>>16880156
all of this is self explanatory basic shit, you just have to figure out what a stop limit order is that's it. probably would have taken you a 2 minute google search if you're not able to figure it out by yourself
>Is everything I said true?
no, "stop" isn't take profit, it's literally your stop price. "limit" is the price at which your limit stop order is set as soon as your stop price hits. this is a single stop limit order. if you want a take profit and a stop loss you'll need 2 seperate orders
>For a billion dollar company.. they have a very primitive interface.
looks like you're using the basic interface. it's very simple, that's the point

>>16881817
>I am doing a trial of a group that does signal alerts
none of those work, otherwise they wouldn't give their signals away. if you have a profitable trading strategy, you don't share it. the people that share it, don't have a profitable strategy. that's a basic rule in this space
>Ive been looking at their entry times, exit times, time trade took place, and the rois. I see good things
they showed you only the winning trades in hindsight. it's what all the retard paid groups, signal whatnot are doing

>>16881370
this is also true. you sound like you're making your first experience with trading, and this board isn't a beginner tutorial

>>16881932
jacob canfield. Thats where Im getting it from

>>16881942
Nope. My first margin trading experience on binance. Ive tried bybit and its way simpler

>>16881901
Jeez... I KNOW how it works. I DONT know how it looks like on binance

Stop limit is normally where it hits if it goes to low to prevent losses. Limit order is the price you want. Take profit is a limit price you want to take profit at if the prices touches it.

I already know all of that. Binance makes it look strange with margins. Didnt answer my original question which has nothing to do with how it works rather with understanding the interface they have

>people actually using limits and not just buying the the fucking bars are red and selling when the fucking bars are green

You immense faggots. What the fuck is wrong with all of you?
Ain't gonna make it.
Next you are going to tell me you unironically use gay ass geometry to (((predict))) the price

>>16881901
look. Your confused as well without even realizing it since youve never used the binance interface.

Pic related as an example. I originally thought "stop" was the stop price and not take profit, but that is FALSE as the pic shows.

You didnt read the op. I said the order doesnt execute because it wants the stop to be higher than the buy price meaning it is NOT the stop limit that prevents losses and instead it is implied it is the take profit limit instead.

NORMALLY a stop limit is LOWER than the buy price to prevent losses

>>16882337
what is also odd about this is nothing is wrong with the limi under "stop-limit" even though it is higher than the buy price so that is not the "stop limit" that prevents losses either.

>>16882439
like why would there be 2 places to put "take profit" at? It doesnt make sense.

Anyone that actually knows something, please answer

>>16880156
>Wants to trade at 5x on a highly volatile asset
>Doesnt know the difference between stop and limit
Yup, OPs about to throw their inheritance down the toilet.

>>16880156
If you weren't such a raging faggot someone may have already helped you. Romanian fucking rat

>>16882910
I was being calm at first, dipshit.
>>16882789
Imagine not being able to fucking read. This btfos you: >>16882337 and this as well >>16882110

>>16883058
bump yet again. So far only clueless people acting condescending but dont actually know themselves have posted.

>>16883661
Holy crap.. I just need a very short and simple explanation on how to use stop limits and take profits for margin trading on binance. I already know how to do it in other exchanges like bybit because they straight up tell you what they are. This doesnt as shown by he op post and this post >>16882337

Bump I also want answers

>>16880156
Anon hasn’t learned about FTX yet. Save on fees lifetime with this: https://ftx.com/#a=1953509

typical biz. Hostile brainlets acting like they know shit but are actually fucking ignorant themselves.

Can not ONE person help me out with my pretty basic question? This is the type of question that takes forever to find but can be answered in seconds by people who already know.

I just want to know how to make stop limits (set price to avoid major losses) and take profits (price I want to profit in). The interface makes no sense in binance. The strangest shit Ive ever seen.

Binance youtube video on OCO order if you dont know OCO order.

Don't leverage trade. Stick to staking, earn side income instead of turning to speculative trading. Buy low and hodl.

Here are Cryptos worth staking: Terra & Ethereum

>>16884034
>>16883661
https://www.binance.vision/tutorials/what-is-an-oco-order

>>16884798
I'll help you out. Stop is the price you set to take profit. Limit is the price you set to limit your losses. Dicks are what you suck to make all that money back.

>>16884809
Okay I get how ocos work. Stop triggers a buy (if longing) and limit (next to stop) is the price it will sell at. Thats why the second stop is higher than the limit price.

In other words, not what Im trying to find out. In other words, thats not what I want right now.. tis why I wish someone would just tell me since I keep watching vids and not finding the answer Im looking for

>>16884879
if you are long (not opening a long), then the limit is the take profit, the stop limit is a limit order that is placed on the books when the "stop" price is hit, stop can't be below the stop-limit's "limit" because that would imply that your sell order is placed on the books before the stop that triggers it is triggered, that would make no sense

i changed from the oco menu to the "stop limit" one so lets start over.

Here's whats throwing me off..

Limit I assume is the price I want to buy it at (the price the crypto hits). I assume this as thats how it is everywhere else....
"stop" I assume is the stop loss.

So with those 2 and no other options given, how do I make a "take profit" limit? Or do I have to execute the order first?

>>16885038
im also pissed since the place im using that signals actually hit 17% holy shit... I missed out. (I followed it the whole day since i dont work today).

So... anon above saying its a scam... nope. They called it. Damn.. 17% in a day and thats just 1/4 of their goals (up to 90%).

Jeez.. fak

>>16885061
I would post a pic of their signal just to show that its legit, but i dont want to get into possible legal trouble (ya im paranoid). 12hrs and they made 17% off of eth..

>>16885038
dont use stop limit to open a position, it's strictly for setting a stop loss, use oco to open a position at the desired limit (this can also be used to take profit on an already open position) and set your stop loss the way i described in >>16884916
never margin traded on binance but it looks like the way it works is you just enter an amount that is within the leverage limit for the trading pair and it automatically borrows what you need to execute the trade

>>16885261
>dont use stop limit to open a position, it's strictly for setting a stop loss,
aint that what I said here?: >>16885038
Where it says "stop:" is the stop limit (oco its different). Also, not gonna use oco due to how based on the yt vid I saw, the first limit price you set = price you want second limit is where you want the second to trigger a buy in case the first doesnt. Im not using oco anymore.

Anyways, im not asking about that anymore. Im wondering how I set the "take profit" limit (i.e. when eth reaches x price, it sells at a higher price).

>>16885327
you can't take profit with a stop limit order, it only lets you place a stoploss, you can't set a stop loss with a limit order, it only lets you enter or take profit; if you want to place an order that has a profit taking (or entry) mark and a stop loss built into it then you have to use an oco

>>16885387
> you can't take profit with a stop limit order
I know that.... Im not saying you can. I am asking how to set the "take profit". Im not sure how you misinterpreted here.
> you can't set a stop loss with a limit order
Not saying that either..

>limit order only lets you enter or take profit
On bybit, a limit order is what triggers the "buy". For instance if i set it at 8k and btc is 7.9k, it wont buy till 8k. Thats why it makes me wonder if the "limit" on the binance menu here >>16885038
is actually just the "take profit" because thats not how it works on bybit.

>>16885387
>profit taking (or entry)
Entry isnt profit taking.. entry is the price I want to buy at and by "profit taking" I mean its the price I want to sell it at (higher than entry).

Maybe its better if you give me an actual example with this template:
OCO
LIMIT
Price:___ (I interpreted this as the price I set that I want to enter at)

Stop-Limit
Stop:___ (the second price I want to enter at. I said here "I never said you enter with a stop" with the "stop limit" menu. With oco, you do based on this vid: https://youtu.be/S4KNVINL16I (3:08))
Limit:___ the price it will sell at (which is set higher than the "stop" according to the vid so you sell at a profit).

>>16885486
Like theres only one option for "limit price" so how can I make it the "entry" AND the "take profit" when theres only room for one value and not two?

>>16885561
I personally don't know but I do have a binance account.

Have you tried their tech support?
Seriously, you wait in a cue and a chat will open. I have dealt with them in the past and it was very pleasant.

I too will look into it tomorrow.

>>16885701
Ya, I should have just asked them now that I think about it.

>>16885701
thanks for trying tho

>>16881370
I agree with this statement.
You had my sympathy before you went full cringe mode.

>>16880156
you can’t even take a screenshot you fucking spastic, let alone use margin. get the fuck out of here you smelly paki.

>>16885840
Eat dicks
>>16885804
Only did that cause the fag when hyper aggressive for no reason.

Anyways, thread was a fail. Gonna ask binance support. Going to bed.

>>16885880
yeah, no doubt mommy says go to bed, you entitled zoomer retard.

>trading on chinknance
>2020
Way to get goxed

>>16882337
i didn't read the rest of the thread, but in case this still hasn't been resolved:
you are obviously the one that's confused here. stop-limit orders work the same on every exchange, be it bybit, binance, bitmex etc.
you are trying to set up a stop-limit buy order, meaning it's either a stop loss on an existing short position or some sort of breakout momentum buy order. it wouldn't make sense to have a stop price lower than the current price since the order would just get executed immediately. binance is protecting noob users from making these kind of mistakes by preventing them from placing such orders

>>16882110
>>16883058
>>16883661
>>16884798
what the fuck am i reading, your problem has already been resolved and explained at that point, only issue was that you didn't understand what a stop-limit order is (just google it retard) and you still go on about people being "clueless"? i'm not calling you a retard for not understanding this simple concept but they way you're acting with people helping you and people making fun of you for being a moron is retarded as fuck

>>16884916
>>16885261
>>16885387
laaawd this anon explained it perfectly and you still don't get it pull your head out of your ass
>>16885486
I know that.... Im not saying you can. I am asking how to set the "take profit". Im not sure how you misinterpreted here
you're not saying you can? but you've been trying to for hours and wondering why it doesn't work you fucking moron. atleast try to understand and accept the help people are giving you, by the way the binance support isn't going to explain it to you that comprehensively, you're a lost case