Let’s talk about take-profit and stop-loss orders.
Both stop-loss and take-profit orders are conditional orders: they won’t be placed on the order book until the price reaches the trigger price you set. Only then will the order be submitted.
Honestly, I hadn’t noticed this before: when placing take-profit or stop-loss orders with one-way position mode, remember to select “reduce-only” to avoid a conditional order opening a new position in the opposite direction after your position has already been closed.
Here’s a real-time price: $BTC , current price 73572.05 (24h -0.31%).
When trading contracts, set your stop-loss first, then consider how much you could earn.
Both stop-loss and take-profit orders are conditional orders: they won’t be placed on the order book until the price reaches the trigger price you set. Only then will the order be submitted.
Honestly, I hadn’t noticed this before: when placing take-profit or stop-loss orders with one-way position mode, remember to select “reduce-only” to avoid a conditional order opening a new position in the opposite direction after your position has already been closed.
Here’s a real-time price: $BTC , current price 73572.05 (24h -0.31%).
When trading contracts, set your stop-loss first, then consider how much you could earn.
