Bitget futures: take profit (TP) and stop loss (SL)

Users can set a TP/SL for their positions,

and only need to input the TP/SL price and amount to successfully place their orders. When the latest market price reaches the TP/SL price, an order of the set size will be placed at the best available price.

Note: maximum size of TP/SL orders = number of orders that can be closed in this position – number of current TP/SL orders.

Q: What is TP/SL?

A: Take profit refers to a common futures trading operation where users close their position when the price of the futures rises or falls to a certain level to convert unrealized profits into realized profits.

Stop loss refers to a common futures trading operation where users close their position when the price rises or falls to a certain level to prevent further losses.

Bitget allows users to set a TP/SL price in advance. When the latest market price reaches the specified price, an order will be placed at the best available price.

Q: When should TP/SL be used?

A: They can be applied when the user has an open position but is unable to continuously monitor the market. In principle, they can be applied at any time according to users' actual needs.

Q: Can TP/SL only be used to close positions?

A: Yes. You can use a trigger order to open positions.

Q: Are TP/SL based on users' positions?

A: Yes, TP/SL orders are based on your current positions. You cannot set TP/SL orders when you have no open positions. You can set the order amount according to the number of positions available to be closed.

If you have a position with 500 futures, you can set TP/SL orders with a maximum amount of 500 futures. If you limit close 100 futures before setting the TP/SL, the remaining futures that can be closed is 400, meaning the maximum TP/SL for this position is 400 futures.

When the amount available to be closed for your position is 0, you cannot set a TP/SL.

Q: How to cancel a TP/SL order?

A: In your list of orders, TP/SL orders will be displayed with separate labels (TP, SL) so that you can manually cancel them. TP/SL can also be canceled if you choose to close all positions.

Q:Can a TP/SL fail?

A: Yes.

If the market experiences extreme volatility and the TP/SL is triggered, the actual execution price may differ from the price at that moment. In such cases, the TP/SL orders may not be fully or partially executed.

Notes

1. Situations such as auto-deleveraging, liquidation, and manual closure can impact the execution of TP/SL orders. Users will receive a notification stating that the TP/SL order has been canceled due to a change in the position.

2. Manual adjustments to the margin amount can result in changes to the estimated liquidation price, potentially causing TP/SL orders to fail.

3. Users can place up to 20 TP/SL orders.

4. The TP/SL feature only applies to current positions.

Risk warning

If the market experiences significant volatility, TP/SL orders may not execute fully or partially. Ensure you have a complete understanding of this feature and use it with caution.

When the latest market price reaches the TP/SL price, an order of the set size will be placed at the best available price.

Bitget is not responsible for any losses incurred due to market fluctuations.