You should carefully consider whether trading on CDNA is appropriate for you in light of your investment experience and financial resources. Any trading decisions you make are solely your responsibility and at your own risk. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. CDNA is subject to US – pipihosa.com – regulatory oversight by the CFTC. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility. Past performance is not necessarily indicative of future results. Past performance is not a guarantee or predictor of future performance.

Personal stop-loss levels may vary based on risk tolerance, position size, and other factors. 1. Select a Strike Option contract to trade. 4. Input the target price for your take-profit or stop-loss order and press ‘Confirm’. Read on for the steps. Many traders set tighter stops and profits on larger position sizes since losses would be more substantial than for smaller positions. 3. Toggle on ‘Take Profit’ or ‘Stop Loss’. 2. Click ‘Advanced Trading Options’.

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4. Input the quantity you would like to buy/sell. For example, a stop-loss targeting a $5 loss, combined with a take-profit targeting a $10 gain, effectively means a risk/reward ratio of 2 times (in other words, risking $5 for a $10 gain) – typically, a ratio of above 1 time would be the minimum requirement. 5. Confirm your selection with Buy/Sell; the position will be automatically closed when the trigger or limit price is reached. It’s important to actively manage both stop-loss. If the token moves significantly in the trader’s favour, they could raise the stop-loss to potentially lock in more profits. Take-profit orders throughout the trade’s lifespan. Maintain a favourable risk/reward ratio.

Lock in profits when trades move in their favour. A stop-loss order is placed with an exchange (or trading platform) to sell a crypto token when it hits a certain price point. In this article, we generally take the view of a trader who is ‘long’ (i.e., bought a crypto token), as opposed to ‘short’. Read more about shorting in How to Short the Crypto Market. What Are Stop-Loss Orders? Strike and UpDown Options are currently available only to US users.