# 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.\
\
**Take Profit allows you to set the price that when reached, your position will automatically close and collect the profit you have accumulated.** 

<figure><img src="/files/hGzi4Fwi0Kx1AQjDtc69" alt=""><figcaption></figcaption></figure>

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 <mark style="color:green;">50% percent profit</mark> (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.**

<figure><img src="/files/340YjbAyhZJPm1O57DOE" alt=""><figcaption></figcaption></figure>

In a similar manner, the percentage buttons allow you to select the <mark style="color:red;">% of loss</mark> 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.**

<figure><img src="/files/b6FWnG3zvlYgfU46O3PI" alt=""><figcaption></figcaption></figure>


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