OCO Orders: Your safety net in trading

Tired of losing money because you can't be glued to the screen 24/7? OCO orders (One Cancels the Other) are literally your best buddy.

What is it? Basically, you place two orders at the same time: one to secure profits (limit order) and another to cut losses (stop-limit). When one is executed, the other automatically disappears. End of story.

The real example:

• Do you want to buy BNB near $562 and hope it goes down (
• If it rises to $589, you sell and secure profits ✓
• If it falls to $553, the stop-loss triggers and you limit damage ✓
• Nothing like that happens? Don't worry, you didn't enter the operation.

The important thing: The Stop Price and the Limit must be well calibrated. If you set the limit too far from the stop, the order may not execute if the price drops quickly )spoiler: the market sometimes falls super fast(.

It's simple but powerful. OCO automates your entry and exit without you having to watch charts every second. That said, make sure you understand how limit and stop-limit orders work before putting in money.