> ## Documentation Index
> Fetch the complete documentation index at: https://docs.turbo.co/llms.txt
> Use this file to discover all available pages before exploring further.

# Take profit and stop loss

> Set your exit levels once, and let the position manage itself.

A take profit (TP) locks in gains automatically. A stop loss (SL) caps how much a trade can cost you. Set both when you open a position and it manages itself — you don't have to watch a chart at 3am just because the market is open.

## 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](/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](/leverage) — why exits matter more when positions are amplified.
* [Your balance](/balance) — reading margin health on the position screen.