Take Profit and Stop Loss are commonly used risk management tools in futures trading that help users automatically lock in profits or limit losses.

  

  

1. What Is Take Profit?

  

A Take Profit order automatically closes a position when the market reaches a predefined price level, helping users lock in profits.

  

For example:

• BTC Long Entry Price: 80,000 USDT
• Take Profit Price: 85,000 USDT

When the market price rises to the Take Profit price, the system will automatically close the position to lock in profits.

  

  

2. What Is Stop Loss?

   

A Stop Loss order automatically closes a position when the market reaches a predefined price level, helping users limit losses.

  

For example:

• BTC Long Entry Price: 80,000 USDT
• Stop Loss Price: 78,000 USDT

When the market price falls to the Stop Loss price, the system will automatically close the position to help prevent further losses.

  

  

3. Types of TP/SL Orders

   

Hotcoin Futures supports both Market TP/SL and Limit TP/SL orders.

  

I. Market TP/SL

Users only need to set a trigger price.

Once the market reaches the trigger price, the system will automatically close the position at the current market price.

  

II. Limit TP/SL

Users need to set both a trigger price and an order price.

Once the market reaches the trigger price, the system will place a limit order at the specified order price.

  

  

Notes

   

• During periods of high volatility, the actual execution price may differ from your preset price.
• In extreme market conditions, TP/SL orders may not be executed.
• Limit TP/SL orders are not guaranteed to be filled. Sufficient market liquidity is required for execution.

   

We recommend setting your TP/SL levels with your risk tolerance in mind and adjusting them as market conditions change.