In this When and How segment, we will learn about the Stop Loss and Take Profit features on TokenomyX.
Stop loss and take profit are used to avoid losses that are greater than the value we are ready to lose. You can find stop loss and take profit features both on the limit tab and on the market.
The stop loss feature itself has 3 options:
The normal feature means that you can determine the amount of loss that you can tolerate according to the existing minimum value. You can determine the amount of loss based on points, market price level or in rupiah. When your loss amount has touched or crossed the loss limit that you have set your trade will be closed automatically.
The trailing feature means that you can determine your loss in points following market price movements as long as the market price is still in accordance with the direction of the trade you are placing, the stop limit will also follow until the market price movement changes direction, your new trade will be closed automatically at the level you have set. specify.
The guaranteed feature is more or less the same as a normal stop loss, the difference is that the guaranteed stop loss is calculated in points with a minimum value that has been determined and is guaranteed to be closed at that level.
Take profit feature
This feature is used to determine the level we close both long and short trades. You can specify the value in take profit in points, certain price levels or in rupiah.
If you use this feature, your trade will be closed automatically when the price of the mockup touches or passes the level you set.