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Stop Loss - Binance Noob Question

Binance

Cryptocoins Exchanges / Binance 286 Views

Hi All, apologies if this is a daft question - I swear I've searched everywhere to understand this, but I'm struggling to get clarity.

If I create a Binance Futures limit order, I can attach a SL and TP to that, so that when the order is filled, I have appropriate risk management in place. These orders are essentially pending until the limit order is filled, at which point the TP and SL orders are placed.

When I create a Spot limit order, there doesn't appear to be the facility to add any sort of stop order. In order to create a stop order, the app seems to expect me to already have the spot to sell - which I don't, I'm waiting on a pending order to be filled.

This means I can't leave a resting order with appropriate risk management in place; I can only apply the SL after the order fills, which might well be when I'm not at the screen.

Is there a way to add a SL to a pending order in spot?

Thanks in advance for any advice.

submitted by /u/SundayRed15
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