stoplimit

On Binance Stock Trading, the Stop Limit order has two different prices. The stop price determines the activation moment. When the market reaches it, the system creates a regular Limit order with the specified limit price. This does not mean that the trade has happened yet.
The reason is simple: a Limit order is executed only at the specified price or better. If, after activation, the market quickly moves past the limit price, creating a price gap or immediately reversing, the order may remain open until a new price match, cancellation, or the order’s time-in-force expires.

I'm already taking courses at Binance Academy and all that.
But when it comes to jumping in, like this time, using demo mode to practice Stop Loss and all that, I honestly don't get it.
#BTC #StopLimit #StopMarket #LimitOrder #DemoTrading