Take Profit refers to a situatuon, when an investor having made profit from the current market, for fear that there may be a loss if the market become worse, he lock in profits and initiates the stop trading. When the market is good, since investors have already made profits on their books, take-profit continually can allow investors to obtain on autopilot stable returns. In the volatile market, take profit allow investors to take their profits and avoid the loss of decreased profits.
Stop loss refers to the situation when the book loss in the stock market reaches a predetermined amount or proportion, so that an investor is able to sell in time to avoid further losses caused by further market declines.
After a position is successfully opened, the user can set take profit, as well, stop loss. The user shall preset the trigger price, the order limit price, and the number of closed positions. When the market price reaches the trigger price, the system will automatically generate an order based on the preset order limit price and the number of closed positions.
Take Profit / Loss Introduction
|
Type |
Application Condition |
Description |
Set reminder |
|
Take profit by Long position
|
Pump to Dump |
The latest filled price ≥ trigger price, the take profit order will be triggered; Execute Entrusted price and quantity at limit price |
The trigger price should be higher than the latest filled price, and the Entrusted limit price should be lower than the trigger price |
|
Stop loss by Long position |
Dump continually |
The latest filled price ≤ trigger price, the stop loss order will be triggered; Execute Entrusted price and quantity at limit price |
The trigger price should be lower than the latest filled price, and the Entrusted limit price should be lower than the trigger price |
|
Take profit by Short position |
Dump to Pump |
The latest filled price ≤ trigger price, the take profit order will be triggered; Execute Entrusted price and quantity at limit price |
The trigger price should be lower than the latest filled price, and the Entrusted limit price should be higher than the trigger price |
|
Stop loss by Short position |
Pump continually |
The latest filled price ≥ trigger price, the stop loss order will be triggered; Execute Entrusted price and quantity at limit price |
The trigger price should be higher than the latest filled price, and the Entrusted limit price should be higher than the trigger price
|
|
Field name Meaning |
Meaning |
Required or Not |
|
Trigger price |
When the latest filled price reaches this price, the order will be triggered |
Required |
|
Entrusted Limit Price |
When the order is triggered, it will be sent to the market at the price |
Required |
|
Number of closed positions |
When the order is triggered, the amount of buy / sell |
Required |
|
Expected profit or loss (at commission price) |
Estimated profit and loss value when the order is triggered and filled |
Not |
Tapbit Teams
