TP/SL & Conditionals
Automate your exits with stop-loss, take-profit, and conditional trigger orders.
Overview
Risk management is everything in leveraged trading. TP/SL and conditional orders let you define your exit plan upfront so you don't have to watch charts 24/7. Set a stop-loss to cap your downside, a take-profit to lock in gains, or a conditional trigger to enter or exit at a specific price level.
What you can do:
Attach stop-loss and take-profit to any position
Set TP/SL when opening a position or add them after
Place conditional orders that trigger at a specific price
Use stop-market and stop-limit orders for precise exits
Use take-market and take-limit orders for profit targets
Combine multiple conditions on a single position
Stop-Loss
A stop-loss automatically closes your position if the price moves against you, limiting your downside.
On a long: Stop-loss triggers when price drops to your level
On a short: Stop-loss triggers when price rises to your level
"Add a stop-loss on my BTC long at $92,000"
Closes BTC long if price drops to $92,000
"Set a stop at $3,100 on my ETH position"
Adds SL to existing ETH position
"Stop-loss my SOL long at 5% below entry"
SL set 5% below your entry price
"Add a tight stop on BTC at $96,500"
Close stop-loss near current price
"Move my ETH stop to $3,200"
Updates existing stop-loss to new level
How It Works
When your stop price is hit, a market order is placed to close your position. This means:
Execution is guaranteed (as long as there's liquidity)
The fill price may differ slightly from your stop price due to slippage
In fast-moving markets, slippage can be larger than expected
Tip: For tighter control over execution price, use a stop-limit instead. It places a limit order when triggered, but risks not filling if price moves too fast.
Take-Profit
A take-profit automatically closes your position when price reaches your target, locking in gains.
On a long: Take-profit triggers when price rises to your level
On a short: Take-profit triggers when price drops to your level
"Set a take-profit on my BTC long at $105,000"
Closes BTC long when price hits $105k
"TP my ETH short at $3,000"
Closes ETH short when price drops to $3,000
"Take profit on SOL at $180"
Locks in gains at $180
"Add a TP at 10% above entry on my BTC position"
TP set 10% above entry price
"Move my ETH take-profit to $2,800"
Updates existing TP level
Combined TP/SL
The most common setup is attaching both a stop-loss and take-profit at the same time, either when opening a position or after.
On Entry
"Long $500 ETH with SL at $3,200 and TP at $4,000"
Opens long with both exits set immediately
"Short $1000 BTC, stop $105k, take profit $90k"
Short with full risk management from entry
"10x long SOL $2000, stop at $140, TP at $175"
Leveraged entry with SL and TP
"Buy ETH perps $300 with 5% stop and 15% take profit"
Percentage-based SL and TP
After Entry
"Add SL at $92,000 and TP at $105,000 to my BTC position"
Adds both to existing position
"Set stop and take profit on my ETH long, $3,100 and $3,800"
SL and TP on open position
"Update my BTC stop to $94,000 and TP to $110,000"
Modifies both levels
Best practice: Always set your TP/SL at entry. It takes the emotion out of exits and ensures you have a plan before the market moves.
Conditional Orders
Conditional orders are standalone orders that trigger when a price level is hit. Unlike TP/SL which are attached to positions, conditionals can be used for entries, exits, or anything in between.
Stop-Market
Triggers a market order when price hits your level. Commonly used for breakout entries or stop-losses.
"Sell $200 BTC if price drops to $60,000"
Stop-market sell triggered at $60,000
"Short ETH $500 if it breaks below $3,000"
Breakdown entry, shorts ETH on the drop
"Long SOL $300 if it breaks above $160"
Breakout entry, longs SOL on the move up
Stop-Limit
Same trigger as stop-market, but places a limit order instead of a market order. Gives you price control but risks not filling.
"Sell $500 BTC if it drops to $60,000, limit at $59,500"
Triggered at $60k, limit order at $59.5k
"Short ETH at $3,000 trigger with $2,990 limit"
Triggered at $3k, places limit at $2,990
Take-Market
Triggers a market order at your take-profit level. Used for profit-taking entries or exits.
"Buy $300 ETH if it reaches $5,000"
Take-market entry at $5,000
"Long SOL $500 when it hits $200"
Enters long when SOL reaches $200
Take-Limit
Same trigger as take-market, but places a limit order.
"Buy $300 ETH at $5,000 trigger with $5,010 limit"
Triggered at $5k, limit at $5,010
Conditional Order Types Summary
Stop-Market
Price hits level
Market order (instant)
Stop-losses, breakdown entries
Stop-Limit
Price hits level
Limit order (price control)
Precise exits, avoiding slippage
Take-Market
Price hits level
Market order (instant)
Take-profits, breakout entries
Take-Limit
Price hits level
Limit order (price control)
Precise profit-taking
Strategies
Risk/Reward Setup
Define your risk before entering. A common approach is 1:2 or 1:3 risk/reward:
"Long $1000 BTC at $97,000, stop $95,000, TP $103,000"
1:3 risk/reward setup
Trailing Exit Strategy
Use conditional orders to scale out of a winning position:
Breakout Trading
Use conditionals to enter only when price confirms a breakout:
Stop-Loss Laddering
Instead of one stop-loss, spread your exits across multiple levels:
Pro Tips
Always set a stop-loss - Especially with leverage, one bad move without a stop can wipe your margin
Use stop-market for guaranteed exits - Stop-limits can miss in fast markets
Set TP/SL at entry, not after - Removes emotion and ensures a plan before the market moves
Avoid stops at round numbers - $95,000, $3,000, $150 are magnets for stop hunts. Offset by $50-100
Consider risk/reward before entering - If your stop is wider than your target, the trade math doesn't work
Use conditionals for breakout entries - Let the market come to you instead of chasing
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