-
Bitcoin
$84,278.9725
-0.42% -
Ethereum
$2,296.3504
-1.69% -
Tether USDt
$0.9991
0.05% -
XRP
$2.1772
-0.40% -
BNB
$601.6772
-1.25% -
Solana
$136.3518
-0.02% -
USDC
$0.9999
0.00% -
Dogecoin
$0.2055
1.05% -
Cardano
$0.6393
-1.38% -
TRON
$0.2274
0.29% -
Chainlink
$15.0150
-1.37% -
Litecoin
$124.9704
0.80% -
Avalanche
$22.1008
0.66% -
Stellar
$0.2810
-1.28% -
Toncoin
$3.4297
-1.57% -
UNUS SED LEO
$9.2281
1.53% -
Sui
$2.7544
-4.35% -
Shiba Inu
$0.0...01432
-0.21% -
Hedera
$0.1999
1.37% -
Polkadot
$4.8521
2.05% -
MANTRA
$7.3522
3.42% -
Hyperliquid
$20.5480
2.01% -
Ethena USDe
$0.9992
0.05% -
Bitcoin Cash
$295.4055
0.68% -
Dai
$0.9998
0.00% -
Bitget Token
$4.1437
3.49% -
Uniswap
$7.8015
-2.29% -
Monero
$208.6870
-3.21% -
NEAR Protocol
$3.0357
-0.20% -
Aptos
$6.0934
1.44%
Bybit perpetual contract stop profit and stop loss tutorial
Bybit's perpetual contract trading platform empowers traders with stop profit and stop loss orders, enabling them to minimize risks and secure gains by automatically closing positions at predetermined price levels.
Nov 09, 2024 at 07:36 pm

Bybit Perpetual Contract Stop Profit and Stop Loss Tutorial
Introduction
Bybit's perpetual contract trading platform provides advanced risk management tools, including stop profit and stop loss orders. Understanding and utilizing these tools is essential for effective trade execution and risk mitigation. This comprehensive guide will provide a step-by-step tutorial on how to place stop profit and stop loss orders on Bybit's perpetual contract platform.
Step 1: Understanding Stop Profit and Stop Loss Orders
Stop Profit Order
A stop profit order is an order placed above (for long positions) or below (for short positions) the current market price to automatically close a position when it reaches a specified profit target. When the market moves in your favor and reaches the trigger price, the stop profit order is activated and your position is closed, securing your profits.
Stop Loss Order
A stop loss order is an order placed below (for long positions) or above (for short positions) the current market price to automatically close a position when it reaches a specified loss threshold. When the market moves against you and reaches the trigger price, the stop loss order is activated and your position is closed, limiting your potential losses.
Step 2: Placing a Stop Profit Order
- Log in to your Bybit account and navigate to the "Derivatives" section.
- Select a perpetual contract trading pair (e.g., BTCUSD).
- Enter your desired position details, including trading amount and leverage.
- Click on the "Stop Profit" tab and input the desired trigger price.
- Review the order information and confirm your placement.
Step 3: Placing a Stop Loss Order
- Similar to placing a stop profit order, navigate to the "Derivatives" section and select a perpetual contract trading pair.
- Input your desired position details and click on the "Stop Loss" tab.
- Enter the desired trigger price and review the order information.
- Confirm your stop loss order placement.
Step 4: Modifying or Canceling Orders
- To modify a stop profit or stop loss order, go to the "Open Orders" section in the "Derivatives" tab.
- Select the order you wish to modify and click on the "Edit" button.
- Make the necessary changes to the trigger price or other order parameters.
- Confirm the modifications to update the order.
- To cancel a stop profit or stop loss order, go to the "Open Orders" section and select the order.
- Click on the "Cancel" button to immediately remove the order from the system.
Step 5: Monitoring Order Status
- After placing a stop profit or stop loss order, it will appear in the "Open Orders" section.
- You can monitor the order's status, including trigger price and remaining active quantity.
- If the market price reaches the trigger price, the order will be executed and your position will be closed accordingly.
Benefits of Using Stop Profit and Stop Loss Orders
- Risk Management: Effectively limit potential losses when the market moves against you.
- Target Profit: Automatically lock in profits when the market price reaches your desired target.
- Peace of Mind: Trade with confidence, knowing that your positions are protected from significant fluctuations.
- Controlled Trading: Avoid emotional decision-making and maintain a disciplined trading strategy.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Bitcoin Price Likely to Hit $81k Says Analyst While This Altcoin Rises 234x in Days
- 2025-02-28 09:15:33
- Ripple's altcoin XRP falls 0.95% on February 27th, with weekly and monthly timeframes revealing a not-so-optimistic outlook.
- 2025-02-28 09:15:33
- Ripple Releases Its 2025 Strategic Development Plans, Focusing on Enhanced Institutional DeFi and Lending
- 2025-02-28 09:15:33
- Web3Bay Presale Soars Past $1.54M as Bitcoin Drops to $95,000
- 2025-02-28 09:10:33
- Seeking high-growth cryptos in this market chaos? Bitcoin, XRP, and other cryptocurrencies tried to recover early Thursday
- 2025-02-28 09:10:33
- Bitcoin (BTC) Exchange-Traded Funds (ETFs) Offering Staking Capabilities Could Significantly Boost Institutional Engagement
- 2025-02-28 09:10:33
Related knowledge

What are the risk control methods in Bitcoin contract trading?
Feb 28,2025 at 06:07am
What are the Risk Control Methods in Bitcoin Contract Trading?Key Points:Understanding Leverage and Position Sizing: Proper leverage utilization and precise position sizing are fundamental to risk management in Bitcoin contract trading. This involves understanding your risk tolerance and capital allocation strategies.Stop-Loss Orders: Your First Line of...

How to choose leverage in Bitcoin contract trading?
Feb 28,2025 at 01:06am
How to Choose Leverage in Bitcoin Contract Trading?Key Points:Understanding Leverage and its Risks: Leverage amplifies both profits and losses. A higher leverage multiplies gains but equally magnifies potential losses, potentially leading to liquidation. This section will delve into the mechanics of leverage and its impact on your trading capital.Assess...

What does liquidity mean in Bitcoin contract trading?
Feb 27,2025 at 08:19pm
What Does Liquidity Mean in Bitcoin Contract Trading?Key Points:Liquidity's Core Meaning: Liquidity in Bitcoin contract trading refers to the ease with which a trader can buy or sell a Bitcoin contract without significantly impacting its price. High liquidity means orders are filled quickly at the current market price, while low liquidity implies diffic...

How to set up stop-profit and stop-loss for Bitcoin contracts?
Feb 28,2025 at 02:49am
How to Set Up Stop-Profit and Stop-Loss for Bitcoin Contracts?Key Points:Understanding Leverage and Risk: Bitcoin contracts utilize leverage, magnifying both profits and losses. Stop-loss and stop-profit orders are crucial for risk management in this high-volatility market. Incorrectly setting these orders can lead to significant financial losses. Under...

Is Bitcoin contract suitable for beginners?
Feb 28,2025 at 04:25am
Is Bitcoin Contract Suitable for Beginners?Key Points:Understanding Bitcoin Contracts: Bitcoin contracts, primarily referring to Bitcoin futures and options, are complex financial instruments that involve significant risk. Beginners lack the necessary experience to accurately assess and manage this risk.Leverage and Risk: The high leverage offered by Bi...

What is the forced liquidation mechanism of Bitcoin contracts?
Feb 28,2025 at 03:43am
What is the Forced Liquidation Mechanism of Bitcoin Contracts?Key Points:Understanding the concept of margin trading and leverage in the context of Bitcoin contracts.Detailing how liquidation prices are calculated based on position size, leverage, and the current market price.Exploring the different types of liquidation mechanisms employed by various cr...

What are the risk control methods in Bitcoin contract trading?
Feb 28,2025 at 06:07am
What are the Risk Control Methods in Bitcoin Contract Trading?Key Points:Understanding Leverage and Position Sizing: Proper leverage utilization and precise position sizing are fundamental to risk management in Bitcoin contract trading. This involves understanding your risk tolerance and capital allocation strategies.Stop-Loss Orders: Your First Line of...

How to choose leverage in Bitcoin contract trading?
Feb 28,2025 at 01:06am
How to Choose Leverage in Bitcoin Contract Trading?Key Points:Understanding Leverage and its Risks: Leverage amplifies both profits and losses. A higher leverage multiplies gains but equally magnifies potential losses, potentially leading to liquidation. This section will delve into the mechanics of leverage and its impact on your trading capital.Assess...

What does liquidity mean in Bitcoin contract trading?
Feb 27,2025 at 08:19pm
What Does Liquidity Mean in Bitcoin Contract Trading?Key Points:Liquidity's Core Meaning: Liquidity in Bitcoin contract trading refers to the ease with which a trader can buy or sell a Bitcoin contract without significantly impacting its price. High liquidity means orders are filled quickly at the current market price, while low liquidity implies diffic...

How to set up stop-profit and stop-loss for Bitcoin contracts?
Feb 28,2025 at 02:49am
How to Set Up Stop-Profit and Stop-Loss for Bitcoin Contracts?Key Points:Understanding Leverage and Risk: Bitcoin contracts utilize leverage, magnifying both profits and losses. Stop-loss and stop-profit orders are crucial for risk management in this high-volatility market. Incorrectly setting these orders can lead to significant financial losses. Under...

Is Bitcoin contract suitable for beginners?
Feb 28,2025 at 04:25am
Is Bitcoin Contract Suitable for Beginners?Key Points:Understanding Bitcoin Contracts: Bitcoin contracts, primarily referring to Bitcoin futures and options, are complex financial instruments that involve significant risk. Beginners lack the necessary experience to accurately assess and manage this risk.Leverage and Risk: The high leverage offered by Bi...

What is the forced liquidation mechanism of Bitcoin contracts?
Feb 28,2025 at 03:43am
What is the Forced Liquidation Mechanism of Bitcoin Contracts?Key Points:Understanding the concept of margin trading and leverage in the context of Bitcoin contracts.Detailing how liquidation prices are calculated based on position size, leverage, and the current market price.Exploring the different types of liquidation mechanisms employed by various cr...
See all articles
