Knowledge Card: Take Profit and Stop Loss
A trailing stop’s trigger price can move in a favorable direction as the price moves. An order is placed only when the price retraces by the set percentage.
Set a stop loss when you open a position. Don’t wait until your unrealized loss grows before deciding when to exit.
Coin in the example: $BTC , quoted at 73644.16 (24h -0.3%).
It’s your money, so it’s your decision.
A trailing stop’s trigger price can move in a favorable direction as the price moves. An order is placed only when the price retraces by the set percentage.
Set a stop loss when you open a position. Don’t wait until your unrealized loss grows before deciding when to exit.
Coin in the example: $BTC , quoted at 73644.16 (24h -0.3%).
It’s your money, so it’s your decision.
