Take profit and stop loss let you define your trade's best case and worst case before the market moves — so you don't have to watch the screen constantly.

What This Guide Covers

  • What TP and SL are and why they matter
  • How to set them when opening a trade
  • How to adjust them on an open position
  • The relationship between SL and liquidation price

Before You Start

What Are Take Profit and Stop Loss

Take Profit (TP) is a price target. When the market reaches your TP, your position automatically closes and locks in your profit. You don't have to be watching.

Stop Loss (SL) is a safety floor. When the market moves against you and hits your SL, your position automatically closes and limits your loss. Without one, a sharp move can wipe your margin before you can react.

Both execute automatically — no manual action needed once set.

Setting TP/SL When Opening a Trade

TP and SL can be set directly in the order panel before you confirm a position.

  1. After choosing your direction (Long or Short) and setting your leverage, scroll to the Take Profit / Stop Loss section
  2. Enter your TP price — for a Long, this must be above the current price
  3. Enter your SL price — for a Long, this must be below the current price and above your liquidation price
  4. The panel shows your estimated profit at TP and estimated loss at SL
  5. Confirm your order as normal

Setting TP/SL on an Already-Open Position

You can add or change TP/SL on any open trade at any time — for free.

  1. Go to the Positions tab
  2. Find your open trade and tap the TP/SL button or edit icon
  1. Enter or update your TP and SL prices
  2. Confirm — no transaction fee for updating TP/SL

SL vs Liquidation Price — The Critical Relationship

This is the most important thing to understand about stop losses:

Your SL must be set above your liquidation price (for longs) or below it (for shorts). If your SL is at or below your liquidation price, the position will be liquidated before the SL can execute — meaning the SL provides zero protection.

Think of it as layers:

[Entry price]
      ↕ price falls for a long
[Stop Loss]       ← your intended exit
      ↕ price falls further
[Liquidation]     ← forced exit, margin lost

Set your SL in the gap between entry and liquidation — where you're willing to exit with a manageable loss, not where all your margin is already gone.

Important Things to Know

SL executes as a market order. When the mark price crosses your SL level, the position closes at the current bid/ask price. In fast-moving or low-liquidity markets, the actual fill price may differ slightly from your SL level.

TP executes as a limit order. When the mark price reaches your TP, the position closes at that exact price (or better). It won't fill at a worse price.

TP/SL orders cannot be canceled once set — only edited. If you want to change your exit levels, use the edit function in the Positions panel. There is no option to remove a TP/SL order entirely once it has been created.

Common Mistakes

Setting SL too tight. If your SL is right next to your entry, normal market noise can trigger it before your trade has time to develop. Give the position enough room to breathe — but not so much that you'd lose more than you can accept.

Not setting any SL at all. Without a stop loss, your only protection is your liquidation price — which means losing 85% of your margin. An SL lets you define a loss you can accept before the market forces a worse outcome.

Trying to cancel a TP/SL instead of editing it. TP/SL orders cannot be canceled once created — only modified. If you want to move your exit level, use the edit function rather than looking for a cancel button.

Risk Reminder

Stop loss orders reduce risk but don't eliminate it. In extreme market conditions, the actual execution price may be slightly worse than your SL level. TP/SL is a tool for managing risk — not a guarantee of a specific outcome.