To reduce risk exposure specifically if you are day trading or opening long positions.
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Merjinn
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I have read the explanations by the Binance and watched some videos about the stop loss and limit orders. But still can't think of a practical use for stop loss orders. If I want to buy or sell a coin at a certain price I use limit orders. Why would I need to condition it like in stop loss? I am new to Binance and crypto so I would appreciate it if someone could explain :).
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