Beginner's Guide — Setting Take Profit and Stop Loss – Nodexx

Take profit and stop loss are commonly used risk management tools in contract trading. They help investors set target profit and stop loss levels in trades to protect their investments and achieve expected returns.

When opening a contract position on Nodexx, investors can manage risk by setting take profit and stop loss in various ways.

Method 1: Set Take Profit and Stop Loss When Placing an Order

Investors can set take profit and stop loss at the time of placing an order by entering the order quantity on the contract order interface. Check the [Take Profit/Stop Loss] box in the order area and set the expected take profit and stop loss prices.

Tip:

Nodexx supports three types of prices as trigger references: mark price, index price, and last price.

Method 2: Add Take Profit and Stop Loss Orders to Open Positions

If an investor already has an open position, they can find the corresponding contract on the [Current Positions] page and click [Add] to set take profit and stop loss.

Take Profit and Stop Loss Modes Supported by Nodexx

Partial Position: Applies only to a fixed quantity of the position. When the position quantity changes, the take profit and stop loss order quantity remains unchanged. Multiple take profit and stop loss orders are allowed in this mode.

Entire Position: Applies to the entire position. When the position quantity changes, the take profit and stop loss order quantity will change accordingly. When the price reaches the trigger price, the position will be closed at market price. Only one take profit and stop loss order is allowed in this mode. If the position quantity exceeds the maximum single market order quantity limit, or if margin is insufficient at the time of triggering, the order will fail.

Note: If the position quantity exceeds the maximum single market order quantity limit, or if margin is insufficient at the time of triggering, the take profit and stop loss order may fail.

Important Notes on Setting Take Profit and Stop Loss:

Before triggering, setting take profit and stop loss will not freeze the position.

After a market take profit or stop loss is successfully triggered, the order will be executed at the best market price available, but the actual execution price may differ from the set price depending on market conditions.