How to use stop loss gate io?

To utilize the Stop Order Function, initiate by navigating to the 'Position' list on your trading platform. On the right-hand side of this list, locate the '--/--' option and click on it. This action will prompt you to configure your stop order settings.

Next, you need to select the price type for your stop order. You have two options: mark price or last price. The mark price is a fair value calculation designed to minimize the impact of market manipulation, while the last price reflects the most recent executed trade. Choose the one that aligns with your trading strategy.

After selecting the price type, proceed to input your desired stop-loss price. In this case, let's assume you want to set your stop-loss at 46,000. Enter this value into the 'stop-loss' column. This step ensures that if the market moves against your position, your trade will be automatically closed at or below 46,000, limiting your potential losses.

Subsequently, you should also specify your take-profit price. This is the level at which you wish to exit your position with a profit. For instance, if you want to take profits at 50,000, input this value into the 'take-profit' column. By doing so, your trade will be automatically closed at or above 50,000, locking in your gains.

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