> For the complete documentation index, see [llms.txt](https://bitnex.gitbook.io/bitnex-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bitnex.gitbook.io/bitnex-docs/trading/tp-sl.md).

# Take Profit / Stop Loss

Take Profit (TP) and Stop Loss (SL) orders let you automate your exits. Set a target where profits are locked in, a level where losses are cut, or both — and let the platform manage the trade for you, even while you're away.

TP/SL is available in both [Lite](/bitnex-docs/platform/lite-mode.md) and [Pro](/bitnex-docs/trading/interface.md) views.

## How TP/SL works

* A **Take Profit** triggers when the market moves in your favor and reaches your target price, closing (all or part of) the position to realize the gain.
* A **Stop Loss** triggers when the market moves against you and reaches your stop price, closing (all or part of) the position to limit the loss.
* Both are **trigger orders**: they rest off the book until the **mark price** reaches the trigger level, at which point a **market order** is executed to close the position.

{% hint style="info" %}
Triggers are evaluated against the **mark price**, not the last traded price. This protects you from being stopped out by a single outlier trade or a brief wick in a thin book.
{% endhint %}

## Two ways to set TP/SL

### 1. Attach on order placement

When placing a new order, expand the **TP/SL** section of the order form and set your targets before you enter the trade. Once the order fills, the TP and SL are active immediately — your exit plan is in place from the first second of the position.

### 2. Add to an existing position

Already in a trade? Open the **Positions** tab, select **TP/SL** on the position, and configure your exits there. You can add, edit, or remove TP/SL on any open position at any time.

## Configuration options

| Option            | What it does                                                                                                                       |
| ----------------- | ---------------------------------------------------------------------------------------------------------------------------------- |
| **Trigger price** | Set the exact price at which the TP or SL fires.                                                                                   |
| **Gain / loss %** | Set the trigger as a percentage gain or loss instead of a price — the platform calculates the corresponding trigger price for you. |
| **Full size**     | The entire position is closed when the trigger fires.                                                                              |
| **Partial size**  | Only the amount you specify is closed — useful for scaling out of winners or reducing risk in stages.                              |

Estimated PnL at the trigger level is shown as you configure it, so you know what a fill at that price would mean before you confirm. See [Entry Price & PnL](/bitnex-docs/trading/entry-price-pnl.md) for how PnL is calculated.

## Managing TP/SL

* **Edit anytime** — change the trigger price, switch between price and % mode, or adjust the size of an existing TP/SL.
* **Cancel anytime** — remove a TP or SL without touching the position itself.
* **Drag on the chart (Pro)** — your active TP and SL appear as lines on the Pro chart. Drag a line to a new level and confirm to update the trigger instantly. This is often the fastest way to trail a stop as a trade moves in your favor.

{% hint style="warning" %}
**A stop loss is not a guarantee.** Two things every trader should understand:

* **Execution price can differ from the trigger price.** When your SL fires, it executes as a market order at the best available prices. In fast or gapping markets, the fill can be worse than the trigger — this is slippage, and it is inherent to stop orders on any venue.
* **An SL set too close to your liquidation price may not protect you.** If price gaps through both levels, or slippage carries the fill past your maintenance threshold, the position can be liquidated before or despite the stop. Keep a healthy buffer between your stop and your estimated liquidation price — see [Liquidation](/bitnex-docs/trading/liquidation.md).
  {% endhint %}

## TP/SL in Lite vs. Pro

|                               | Lite | Pro |
| ----------------------------- | ---- | --- |
| Attach TP/SL to a new order   | Yes  | Yes |
| Set TP/SL on an open position | Yes  | Yes |
| Price-based trigger           | Yes  | Yes |
| Gain/loss %-based trigger     | Yes  | Yes |
| Partial-size TP/SL            | Yes  | Yes |
| Drag TP/SL lines on the chart | —    | Yes |

## Tips for using TP/SL well

* **Set the SL first.** Decide what you're willing to lose before thinking about what you hope to gain.
* **Mind the funding and volatility.** On volatile markets, very tight stops get triggered by normal noise. Give the trade room, and size the position down instead — see [Margining](/bitnex-docs/trading/margining.md).
* **Use partial TPs to de-risk.** Taking part of the position off at a first target lets the rest run with reduced exposure.
* **Combine with stop orders.** For more control over execution, Pro also offers standalone Stop Market and Stop Limit orders — see [Order Types](/bitnex-docs/trading/order-types.md).

{% hint style="success" %}
TP/SL orders are managed by the underlying on-chain exchange protocol, so they remain active even if you close the Bitnex tab or disconnect your wallet.
{% endhint %}


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://bitnex.gitbook.io/bitnex-docs/trading/tp-sl.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.