How to Use Take-Profit (TP) and Stop-Loss (SL) in Spot Trading？
Руководство по спотовой торговле
Content of this article:
What Are Take-Profit (TP) and Stop-Loss (SL) Orders?
Take-profit and stop-loss orders allow users to set a trigger price, limit price, and order amount in advance. When the market price reaches the trigger price, the system automatically places a limit order at the preset limit price to help lock in profits or control losses.
Why Use Take-Profit/Stop-Loss Orders?
Take-Profit/Stop-Loss Orders allow you to:
- Avoid constant market monitoring by automating risk control and profit-taking
- Set buy/sell points in advance to handle sharp market fluctuations
- Lock in existing profits or reduce potential losses from further price drops
Example Scenario
Assume you hold BTC currently priced at $100,000 (A):
- If you want to automatically sell to take profit when the price rises to $110,000 (B) → set a Take-Profit order
- If you're concerned that the price may continue to fall after dropping below $90,000 (C) → set a Stop-Loss order
Situation |
Example Settings |
Goal |
Take-Profit Order |
Trigger: $109,500; Limit Price: $110,000 |
Sell after a 10% rise to lock in gains |
Stop-Loss Order |
Trigger: $90,500; Limit Price: $90,000 |
Sell after a 10% drop to limit losses |
Once the market price reaches the trigger price, the system will automatically place a limit order at the limit price. Note: a limit order is not guaranteed to be filled immediately — it will only execute when the market price matches the preset limit price.
How to Use TP/SL on the XT.COM Website
Log in to your XT account, click “Trade” at the top and select “Spot”, and choose the “TP/SL” (Take-Profit/Stop-Loss) order type. Set the order direction (buy/sell), trigger price, price and amount, then confirm your settings to place the TP/SL limit order.
You can view active TP/SL orders under “Open Orders” → “Stop Limit”. Click the delete icon to cancel any unfilled orders. For executed or cancelled orders, go to “Order History” → “Stop Limit” to view the details.
How to Use TP/SL on the XT.COM App
Log in to your XT App account, tap “Trade” at the bottom and go to the “Spot” section. Choose the “TP/SL” order type. Set the order direction (buy/sell), trigger price, price and amount, then confirm your settings to place the TP/SL limit order.
You can check your active TP/SL orders under “Open Orders” → “TP/SL”. Tap “Cancel” to cancel unfilled orders. To view executed or cancelled TP/SL orders, tap the [=] icon to access all orders and go to “Order History” → “TP/SL”for details.