Take profit
A take profit closes your position automatically when the price reaches a target you set in profit. It turns “I’ll sell when it gets there” from a plan into an order that executes on its own.Stop loss
A stop loss closes your position automatically when the price moves against you to a level you set. It’s the simplest risk control there is: you decide the most a trade can lose before you’re in it, while you’re still thinking clearly. On a leveraged position, a stop loss set inside your liquidation price also means you — not the liquidation engine — choose where the trade ends.Setting and adjusting
Add a TP and SL when you place the order, or attach them to an open position from the position screen. Both can be moved or removed at any time. A common pattern as a trade goes your way: move the stop loss up behind the price, so the downside keeps shrinking while the position stays open.What a stop can’t guarantee
A stop loss triggers when its level is reached and then closes your position at the best available market price. In a fast market or across a sharp gap, the fill can be beyond your stop level — slippage applies to stops like any market order. A stop cuts your risk dramatically — it’s just not a guarantee of the exact exit price.Related
- Leverage — why exits matter more when positions are amplified.
- Your balance — reading margin health on the position screen.