Stop Loss Orders
The SuperX stop-loss order is a powerful tool that automatically triggers a sell order for your purchased assets when the price drops to a specific level you define. This feature helps you manage risk by limiting potential losses, allowing you to protect your investment without needing to constantly monitor the market.
How Stop-Loss Orders Work
When you set a stop-loss order on a copy-traded wallet, you’re instructing the system to sell a portion or all of your position if the asset’s price falls to a certain percentage below your entry price. This ensures you can exit a trade before losses grow too large, offering peace of mind in volatile markets.
Configuring Your Stop-Loss
Two key settings define each stop-loss order:
Stop-Loss Percentage: This is the price drop threshold, expressed as a percentage, at which the sell order is triggered. For example, if you set a 20% stop-loss, the system will initiate a sell order when the asset’s price falls 20% below the price at which you bought it.
Sell Amount: This determines the percentage of your position that will be sold when the stop-loss is triggered, expressed as a value between 0% and 100%. For instance, you might choose to sell 50% of your position to partially exit the trade or 100% to fully liquidate it.
Currently, SuperX allows only one stop-loss order per trade, giving you a straightforward way to set your risk tolerance.
Example
Imagine you buy an asset and want to limit your losses. You configure a stop-loss order with:
Stop-Loss Percentage: 20%
Sell Amount: 100%
If the asset’s price drops 20% from your purchase price, the system will automatically sell your entire position, helping you avoid further losses.
How to Set Up Stop Loss Orders
Stop Loss orders can be set up on the:
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