Take-Profit (TP) & Stop-Loss (SL)

Take-Profit [TP] and Stop-Loss [SL] are your best friends for managing risk and securing profits in trading.

These tools automatically close your position when your target is hit, so you don’t have to watch the charts 24/7

What Are TP and SL?

Take-Profit [TP] Closes your position automatically at a price you choose so you lock in gains.

Stop-Loss [SL] Closes your position automatically at a set price to prevent bigger losses.

How To Set TP & SL

• Open a Position

Start a new trade or select one of your current positions.

• Add Protection

Tap the “Add Protection” button under your open trade.

• Choose TP or SL

Select Take-Profit to secure gains or Stop-Loss to protect from losses.

• Set Price or Percentage

For TP: Enter a price above your current position—or choose a percentage target.

For SL: Enter a price below your position—or pick a percentage to limit potential loss.

• Confirm Your Choice

Check that your TP/SL levels are right and confirm. Your protection is now active!

• Manage Active TP/SL


An overview screen will appear showing your active TP and SL. You can cancel them anytime using the Cancel button on that screen.

Tips for Getting Started

• Only risk a tiny bit of your money each trade, like just 1% or 2% of what you have.
• Use places where the price goes up or down a lot as stops and targets.
• Try to win more than you lose. Change your plan if you need to, and keep practicing.

Got questions?

Hit us up in the /morpher channel in Farcaster

Updated on: 05/11/2025