Stop losses and take profits

Place a stop based on how much you are willing to lose, understand slippage, and compare risk with reward. Free lesson 6 of 13 in Tickfloor's course, no card needed.

What a stop is

A stop loss is an instruction to close your position automatically when the price hits a level you chose. It caps the loss you are willing to take.

A take profit does the same job on the way up. It closes the trade when the price reaches your target.

General information only. It doesn't consider your objectives, finances or needs.

Open the full interactive lesson (16 minutes), or see the whole free course.

More free lessons: Reading candles, Using TradingView, a full walkthrough, Reading a price screen.