Ever wished you could lock in your profits before the market flips? Or stop a loss in its tracks before it gets worse? Now you can!
🛡️ With stop loss (SL) and take profit (TP), you can make the most out of your trades while keeping your risks in check. Let’s break them down!
Stop loss: Limit your losses
Stop loss automatically closes your trade when the price reaches your risk limit, helping you avoid big losses. It’s like saying, “If the price drops to this level, I’m out before it gets worse.”
🟢 Buy trade? Set the SL below the current price
🔴 Sell trade? Set the SL above the current price
How to set a stop loss
| 💰 ExampleYou buy Bitcoin at $100,000 and set the SL at $99,500. If the price drops to $99,500, your trade closes automatically, preventing further losses.
No need to watch the screen all day!
 |
Got a trade open already? You can add or adjust the SL whenever you want in Open trades.
Take profit: Secure your gains
Take profit automatically closes your trade when the price hits your target, locking in your profits. It’s like saying, “I’ve made enough money — time to cash out!”
🟢 Buy trade? Set the TP above the current price
🔴 Sell trade? Set the TP below the current price
How to set a take profit
 | 💰 ExampleYou buy gold at $2,000 and set the TP at $2,100. If the price reaches $2,100, your trade closes automatically and you keep the profit without having to watch the market all day!
 |
📈 Got a trade open already? You can add a TP whenever you want by going to the Open trades and updating your trade settings.
Quick tips for smarter risk management
Be realistic. Don’t set the SL or TP too close to your trade’s open price, nor too far. Unrealistic targets might trigger too fast or miss their chance to close
Use a risk-reward ratio. The most common strategy is a ratio of 1:3 (risk $1 to potentially make $3). This way, even if you lose some trades, you stay profitable overall
Stay flexible. If the market moves in your favor, adjust your TP to lock in more profit or tighten your SL to protect your gains
Partial close: Secure your profit without closing everything
Want to take some profit but keep the rest of the trade open? That’s what a partial close does!
Go to Trade details
Select your open trade
Choose how much you want to close
Hit Close trade partially — and keep the rest running!
🔐 That way, you secure your earnings while still leaving room for more profit.
Quick quiz: Test your knowledge
What’s a common strategy for setting both a stop loss and take profit?
Set them randomly
Use a common risk-reward ratio, like 1:3
Place them based on margin size
Only set them after the market closes
Summing up
Awesome work! You’ve learned:
How stop loss and take profit protect your trades
How to set and adjust a SL and TP
How to use partial close
You’re becoming a smarter trader! Next up: key insights into technical analysis. Let’s keep going!
Correct answer is 2
🧠 A 1:3 risk/reward ratio means risking $10 to potentially gain $30. That way, even if you win fewer trades, you’ll stay profitable in the long run. Trade smart, not at random!