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Any way to create a sell order for a coin I do not yet own?

Binance

Cryptocoins Exchanges / Binance 701 Views

Let's say I want to purchase coin $FOO when the price is 5 BUSD, and sell it when the price reaches 15 BUSD. The current price of $FOO is 10 BUSD.

Is there any way I can set up these dependent orders?

  • Order 1: limit buy 100 units of $FOO at 5 BUSD
  • Order 2: dependent on order 1, limit sell 100 units of $FOO at 15 BUSD

Binance allows me to set order 1 but not order 2 because I do not yet own 100 units of $FOO. Is it possible to do what I want without manually inserting order 2 after order 1 gets filled?

submitted by /u/SuperV1234
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