Cryptocurrency Q&A
Can I set stop-loss and take profit at the same time?
Can I set stop-loss and take profit at the same time?
Chiara
Wed Dec 04 2024
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7 answers
1681
I'm wondering if it's possible to set both a stop-loss and a take profit order simultaneously. I want to minimize my losses while also securing profits when they reach a certain point.
7 answers
Isabella
Fri Dec 06 2024
When placing both take profit and stop loss simultaneously, there is an important rule to follow.
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Isabella
Fri Dec 06 2024
If one of these orders is triggered, the other will automatically be canceled.
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Giulia
Fri Dec 06 2024
This ensures that only one action is taken, preventing any potential confusion or overlap.
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Caterina
Fri Dec 06 2024
The entire position TP/SL (original TP/SL) applies to a specific and fixed quantity of the position.
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Ilaria
Thu Dec 05 2024
This quantity remains constant, regardless of any changes in the overall position size.
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