Take profit and stop loss are commonly used risk management tools in digital asset trading. They can help you set target profit and stop loss levels in trading to protect your investment and achieve expected returns.
On the 3EX platform, users can perform take profit/stop loss operations in their positions. In the setting process, you only need to enter the price and quantity of take profit/stop loss to successfully place an order. When the latest market transaction price reaches your set take profit/stop loss price, the system will place an order for the quantity you set at the best transaction price.
Here are some common questions and answers about take profit and stop loss:
Q: What is take profit and stop loss?
A: Take profit refers to the operation of choosing to close a position to realize profits when the contract price rises/falls to a certain position. Stop loss refers to the operation of choosing to close a position to avoid further losses when the contract price rises/falls to a certain position.
Q: When to use take profit and stop loss?
A: You can use take profit and stop loss under any circumstances, especially when you cannot track market trends for a long time, or decide whether to use take profit and stop loss based on your own risk tolerance and trading strategy.
Q: Can take profit and stop loss only close positions?
A: Yes, take profit and stop loss orders are closing operations. If you need to open a position, you can use the trigger order function.
Q: Is take profit and stop loss based on positions?
A: Yes, take profit and stop loss orders are based on your current position. Please note that you can only set a take profit and stop loss order quantity that is less than or equal to the current position's available close quantity.
Q: How to cancel take profit and stop loss?
A: You can find the take profit and stop loss order in the current order list and manually cancel it. When you actively close a position, the system will automatically cancel the take profit and stop loss orders related to the position.
Q: Will take profit and stop loss fail?
A: In the case of severe market fluctuations, take profit and stop loss orders may not be fully executed or not executed. Please be aware of market risks and use the take profit and stop loss function carefully after understanding the function principle.
Risk warning:
In case of severe market fluctuations, take profit/stop loss orders may not be fully executed.
If the market fluctuates severely, there is a possibility that take profit/stop loss orders cannot be executed or cannot be fully executed. Please be sure to understand the function principle in detail and use it carefully! The 3EX platform does not bear any asset losses caused by market price fluctuations.
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