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A take profit (TP) closes your position when the price reaches your profit target. A stop loss (SL) closes it when the price moves against you by as much as you’re willing to lose. Both are triggered by the mark price and apply to the whole position.
We strongly recommend a stop loss on every leveraged position. Set it above your liquidation price so you exit on your terms instead of being liquidated.

How take profit and stop loss close a position

There are three ways to set them: two on the order form, and one on the position screen.

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Order form

On a market’s Trade tab, tap + Add TP/SL below the leverage slider. Enter a take profit and stop loss price, or tap a chip to set them from a return target: 10%, 25%, 50%, or 100%. The sheet shows the gain or loss and the profit or loss in dollars for each level. Tap Save Changes to attach them to your order.

Set a take profit and stop loss from the order form

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Visual editor (iOS)

Once a take profit or stop loss is set, tap the TP / SL summary on the order form to open the visual editor. Drag the TP and SL handles up or down against the market price; the percentage on each handle and the prices at the bottom update as you drag. Tap Continue to keep the new levels.

Refine take profit and stop loss on the visual editor

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Position screen

You can also change the take profit or stop loss after the trade. On iOS, open the position from Home, then on the Activity tab tap the pencil icon next to Take Profit or Stop Loss. Enter a price or tap a chip, then tap Save. The new level shows on the position and on the chart. On web, edit TP/SL from the position row under the chart.

Edit the take profit on an open position

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Rules

  • A take profit must be on the profitable side of the current price.
  • A stop loss must be on the losing side of the current price.
  • A stop loss can’t be past your liquidation price.
  • Neither can be more than 95% below the current price.
TP/SL orders cancel automatically when the position closes. For stop and take orders that aren’t tied to a position, see Trigger orders.