> For the complete documentation index, see [llms.txt](https://velocity-1.gitbook.io/velocity-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://velocity-1.gitbook.io/velocity-docs/trading/take-profit-stop-loss.md).

# Take profit and stop loss

A take profit (TP) closes your position when price moves in your favour to a level you set. A stop loss (SL) closes it when price moves against you. Both are trigger orders that fire on mark price.

We strongly recommend setting a stop loss on every trade.

## On the order panel

When placing a market or limit entry, the panel exposes Take Profit and Stop Loss inputs. Set a price, or set a percentage move from entry, and the order bundles both exits with the entry.

Side rules:

* **Long:** TP above entry, SL below entry.
* **Short:** TP below entry, SL above entry.

The panel rejects values on the wrong side.

## On an open position

Click **TP/SL** on the position row to open the visual editor. Drag the green handle for TP and the red handle for SL, or type a percentage. The panel shows the resulting profit or loss in USDC.

Save replaces any existing TP and SL for the position.

## Market or limit

Each trigger can fire as a market or limit order.

* **Market**: guaranteed trade, pays the taker fee. Best for stop losses.
* **Limit**: fires as a resting order at the trigger price, pays the maker fee if it trades. Can miss in a fast move.

## Things to know

* **Gap moves.** If the market gaps past your stop, the trade uses whatever price is available. Slippage on a stop is real.
* **Manual close.** Close the position yourself and the TP/SL cancel automatically.
* **Partial trades.** If the position size changes, the trigger order size adjusts to match.

## Cancelling

Open triggers show in the **Open Orders** tab. Cancel any row to remove that side.

## Not supported yet

* Trailing stops.
* OCO outside of a bracket.


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