> For the complete documentation index, see [llms.txt](https://docs.unlimited.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.unlimited.trade/start-trading/or-unlimited-leverage-guide/positions/take-profit-stop-loss.md).
# Take Profit / Stop Loss
Adding a **Take Profit** or a **Stop Loss** order in your position can ensure that you won't be overexposed to sudden price action and fluctuations of the market.\
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**Take Profit allows you to set the price that when reached, your position will automatically close and collect the profit you have accumulated.**
Clicking one of the percentage buttons will instantly calculate the price for the corresponding PnL percentage. In this example, to automatically close the position with 50% percent profit (or $4,761.77) BTC must reach the price of $30,544.00.
**On the contrary, Stop Loss indicates the price where the position automatically closes in order to cut losses on your current profits or to stop your loses from accumulating any further.**
In a similar manner, the percentage buttons allow you to select the % of loss where your position will close automatically. In this case 25% loss of the initial collateral equals to $2,386.94, while these losses will have been accumulated when BTC reaches the price of $30,090.50.
**If you wish to alter your current Take Profit and/or Stop Loss orders, you must first cancel the previous one.**
