Take Profit (TP) & Stop Loss (SL)

What Are TP & SL?

• Take Profit (TP): Automatically closes your position when the price reaches your profit target.

• Stop Loss (SL): Automatically closes your position when the price hits your loss limit.

Using TP & SL helps manage risk and secure gains without needing constant market monitoring.

When to Use TP & SL

• TP: If you have a profit goal (e.g., “Sell BTC at $52,000”).

• SL: To minimize potential losses (e.g., “Exit if BTC drops to $48,000”).

• Essential for leveraged trading, where sudden price swings can quickly affect your margin.

How to Set TP & SL on HyperSwell

For a New Trade:

1. In the Order Panel, check the TP/SL box.

2. Enter:

   • Take Profit Price (e.g., $52,000).

   • Stop Loss Price (e.g., $48,000).

3. Place your order (e.g., click “Buy/Long”).

4. Once executed, TP/SL will be set automatically.

For an Existing Position:

1. Go to the Positions tab.

2. Find your open trade (e.g., Long 0.1 BTC).

3. Click the TP/SL button or pencil icon.

4. Enter your Take Profit and Stop Loss prices.

5. Confirm your settings.

Example

• You open a Long position on ETH at $3,000 (0.5 ETH, 10x leverage).

• You set:

  • TP: $3,200 (locks in profits).

  • SL: $2,900 (limits losses).

• If ETH hits $3,200, your position closes, securing a $100 profit (0.5 ETH * $200).

• If ETH drops to $2,900, your position closes, limiting your loss to $50 (0.5 ETH * $100).

Using TP/SL helps protect your capital and manage risk effectively.