How should you set take-profit and stop-loss orders for contracts? Many people can’t explain it clearly!
Stop-loss and take-profit orders are both conditional orders: they aren’t placed on the order book until the price reaches the preset trigger price. The order is submitted only after it’s triggered.
Use conditional orders to plan your exit in advance, so you’re less likely to panic or rely on luck when prices swing sharply.
Leverage magnifies the outcome, not your win rate. The higher the leverage, the less room for error.
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