# Stop Loss & Take Profit

### What is a Stop Loss <a href="#id-9e55791f-dc6e-4dfd-ab14-11f5c7a6097d" id="id-9e55791f-dc6e-4dfd-ab14-11f5c7a6097d"></a>

A stop loss automatically closes your position at a specified loss level to protect your capital. When the mark price reaches your stop level, a market order is triggered to close the position.

### What is a Take Profit <a href="#id-2dd1c372-2cf5-4499-bdff-ef733eb8543b" id="id-2dd1c372-2cf5-4499-bdff-ef733eb8543b"></a>

A take profit automatically closes your position when your profit target is reached. When the mark price reaches your target level, a market order is triggered to close the position.

### How to Set SL/TP <a href="#id-4ca42eeb-50fe-4b14-bdd7-7ebe505b252f" id="id-4ca42eeb-50fe-4b14-bdd7-7ebe505b252f"></a>

> ⚠️ **SL/TP cannot be set during position opening.** You must first open the position, then set SL/TP separately.

#### Setting after position opens: <a href="#id-215234f3-b6d4-480a-9cbb-fe1417fb5bca" id="id-215234f3-b6d4-480a-9cbb-fe1417fb5bca"></a>

1. Use the `/sl` or `/tp` command
2. Select the position to apply it to
3. Choose the trigger type:
   * **Percentage**: for example, -5% for SL or +10% for TP (calculated from entry price)
   * **Trigger Price**: for example, $57,000 for SL or $66,000 for TP (a specific USD price)
4. Choose the position size to close on trigger: 10%, 25%, 50%, 75%, 100%, or a custom amount
5. Review and confirm

#### Modifying existing SL/TP: <a href="#id-3fa36876-455d-4644-8bd4-81c0785159a6" id="id-3fa36876-455d-4644-8bd4-81c0785159a6"></a>

* Use `/sl` or `/tp` again to cancel the existing order and set a new one
* You can also manage SL/TP from the `/positions` action buttons

### Example <a href="#id-93b21434-3a14-4bc9-92c6-45ac741c1287" id="id-93b21434-3a14-4bc9-92c6-45ac741c1287"></a>

Long BTC at $60,000:

* Set SL at -5% — triggers at $57,000
* Set TP at +10% — triggers at $66,000
* Choose 100% of position to close on trigger

If BTC drops to $57,000, the stop loss fires and closes your entire position to limit the loss. If BTC rises to $66,000, the take profit fires and locks in your gain.

> ⚠️ **SL/TP are not guaranteed to execute at the exact trigger price in volatile markets.** They use stop-market orders, so the actual execution price may differ from the trigger price.

> 💡 **TIP:** Always set a stop loss. It is your best risk management tool for leveraged positions.