-
Bitcoin
$83,405.1468
1.08% -
Ethereum
$1,912.6728
1.88% -
Tether USDt
$0.9998
-0.02% -
XRP
$2.3402
1.69% -
BNB
$630.3565
5.89% -
Solana
$129.2270
-0.57% -
USDC
$0.9999
0.00% -
Dogecoin
$0.1729
3.03% -
Cardano
$0.7248
2.38% -
TRON
$0.2147
0.42% -
Pi
$1.3661
-6.43% -
Chainlink
$13.8271
2.04% -
UNUS SED LEO
$9.8262
0.10% -
Toncoin
$3.4413
1.84% -
Stellar
$0.2729
3.28% -
Hedera
$0.1916
2.99% -
Avalanche
$18.6675
1.25% -
Shiba Inu
$0.0...01305
2.61% -
Sui
$2.2948
2.75% -
Litecoin
$93.2169
4.69% -
Polkadot
$4.3872
4.38% -
MANTRA
$6.8361
4.30% -
Bitcoin Cash
$337.3260
3.38% -
Ethena USDe
$0.9996
-0.01% -
Dai
$1.0000
-0.01% -
Bitget Token
$4.4585
2.28% -
Hyperliquid
$13.8960
3.65% -
Monero
$211.2489
0.36% -
Uniswap
$6.2340
3.26% -
Aptos
$5.3849
3.93%
ProBit Global Perpetual Contract Take Profit and Stop Loss Tutorial
On ProBit Global's perpetual contract platform, traders can utilize take profit and stop loss orders to lock in profits and protect their capital, maximizing trading strategies.
Nov 26, 2024 at 04:08 am

ProBit Global Perpetual Contract Take Profit and Stop Loss: A Comprehensive Guide
In the realm of cryptocurrency trading, the ability to manage your risk effectively is paramount. Take profit and stop loss orders are two crucial tools that traders rely on to protect their investments and maximize profits. ProBit Global, a leading cryptocurrency exchange, offers a perpetual contract feature that allows traders to engage in advanced trading strategies. This tutorial will provide a step-by-step guide on how to set up take profit and stop loss orders on the ProBit Global perpetual contract platform.
Step 1: Understanding Perpetual Contracts
Perpetual contracts, also known as futures contracts, are financial instruments that allow traders to speculate on the future price of an underlying asset without having to physically own it. They trade indefinitely, offering traders the flexibility to hold positions for an indefinite period. On ProBit Global, perpetual contracts are available for various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and other altcoins.
Step 2: Setting Up a Take Profit Order
A take profit order is used to automatically close a position when the market price reaches a specified profit target. This allows traders to lock in profits and exit a position at a predetermined price level. To set up a take profit order on ProBit Global:
- Enter the "Perpetual Contract" market for your desired cryptocurrency.
- Choose the "Buy/Sell" option depending on your trade direction.
- Select the "Take Profit" tab located on the right side of the order placement panel.
- Specify the desired take profit price, which should be higher than the entry price for a long position and lower for a short position.
- Adjust the "Qty" field to indicate the number of contracts you wish to close at the take profit price.
- Click the "Buy/Sell with TP" button to place the take profit order.
Step 3: Setting Up a Stop Loss Order
A stop loss order is used to automatically close a position when the market price reaches a specified loss limit. This prevents traders from losing more than a predefined amount and helps protect their trading capital. To set up a stop loss order on ProBit Global:
- Follow the same steps as described in Step 2 until you reach the order placement panel.
- Select the "Stop Loss" tab located on the right side of the order placement panel.
- Specify the desired stop loss price, which should be lower than the entry price for a long position and higher for a short position.
- Adjust the "Qty" field to indicate the number of contracts you wish to close at the stop loss price.
- Click the "Buy/Sell with SL" button to place the stop loss order.
Step 4: Managing Your Orders
Once you have placed your take profit and stop loss orders, you can monitor their status in the "Open Orders" section of the ProBit Global platform. You can also modify or cancel your orders as needed. To do this:
- Navigate to the "Open Orders" section under the "Perpetual Contract" market.
- Find the order you wish to modify or cancel.
- Click the "Modify" or "Cancel" button next to the order.
- Edit the parameters or cancel the order as desired.
Step 5: Conclusion
By utilizing take profit and stop loss orders on the ProBit Global perpetual contract platform, traders can effectively manage their risk and enhance their trading strategies. These orders allow traders to set predefined profit targets and loss limits, ensuring that profits are secured and losses are minimized. By following the steps outlined in this tutorial, traders can confidently implement take profit and stop loss orders to elevate their trading performance on ProBit Global.
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.
- Why Is Coinbase a Good Business?
- 2025-03-17 20:25:57
- When it Comes to the Best Crypto to Invest in March 2025
- 2025-03-17 20:25:57
- Bitcoin Pepe (BPEP) Changes the Game With Technology That Could Transform Bitcoin Itself
- 2025-03-17 20:25:57
- XYZ Coin Crosses the $10 Million Mark in Its Presale Phase
- 2025-03-17 20:25:57
- Binance Expands Trade Offerings For MKR, EPIC, & These 3 Crypto
- 2025-03-17 20:25:57
- Arctic Pablo Coin ($APC) Presale: Explore the Depths of Cryptocurrency Investment
- 2025-03-17 20:25:57
Related knowledge

How to create a new contract transaction on the Coinbase platform?
Mar 17,2025 at 08:43pm
Key Points:Coinbase doesn't directly support the creation of arbitrary smart contracts. It primarily focuses on buying, selling, and holding established cryptocurrencies.To interact with smart contracts, you'll need a compatible wallet and potentially a decentralized exchange (DEX).Understanding the specific smart contract's requirements (e.g., network,...

How to set risk limits in OKX contracts?
Mar 17,2025 at 07:42pm
Key Points:Understanding OKX's risk management tools is crucial for safe contract trading.Setting appropriate risk limits involves defining position size, stop-loss orders, and take-profit orders.OKX offers several features to assist in managing risk, including margin level alerts and automated liquidation protection.Careful planning and adherence to a ...

What is the difference between the mark price and the latest price on Binance Futures?
Mar 17,2025 at 02:36pm
Key Points:Mark Price: A fair price calculated using multiple exchanges' prices, minimizing manipulation. It's crucial for funding rates and liquidation calculations.Latest Price: The most recent trade price on Binance Futures. Subject to volatility and potential manipulation.Discrepancies: Differences arise due to market depth, order book imbalances, a...

What is the difference between limit orders and market orders on Binance Futures?
Mar 17,2025 at 04:10pm
Key Points:Limit Orders: Specify the price you're willing to buy or sell at. Execution is not guaranteed, but you control the price.Market Orders: Buy or sell at the best available price immediately. Execution is guaranteed, but the price may be less favorable than desired.Binance Futures Context: Both order types are crucial for managing risk and execu...

How to operate cross-product arbitrage of Bitcoin contracts?
Mar 17,2025 at 01:00pm
Key Points:Understanding Bitcoin contract arbitrage relies on exploiting price discrepancies across different exchanges.Successful arbitrage requires speed, low latency connections, and sophisticated trading algorithms.Risk management is crucial, as market volatility and slippage can negate profits.Fees and slippage significantly impact profitability. C...

What is the difference between the mark price and the latest price of Bitcoin contracts?
Mar 17,2025 at 04:35pm
Key Points:Mark Price: A fair and unbiased price calculated using multiple exchanges' data, minimizing manipulation. It's crucial for funding calculations and preventing liquidation.Latest Price: The most recent trade price on a specific exchange. It's susceptible to manipulation and volatility. It reflects real-time market activity but lacks the stabil...

How to create a new contract transaction on the Coinbase platform?
Mar 17,2025 at 08:43pm
Key Points:Coinbase doesn't directly support the creation of arbitrary smart contracts. It primarily focuses on buying, selling, and holding established cryptocurrencies.To interact with smart contracts, you'll need a compatible wallet and potentially a decentralized exchange (DEX).Understanding the specific smart contract's requirements (e.g., network,...

How to set risk limits in OKX contracts?
Mar 17,2025 at 07:42pm
Key Points:Understanding OKX's risk management tools is crucial for safe contract trading.Setting appropriate risk limits involves defining position size, stop-loss orders, and take-profit orders.OKX offers several features to assist in managing risk, including margin level alerts and automated liquidation protection.Careful planning and adherence to a ...

What is the difference between the mark price and the latest price on Binance Futures?
Mar 17,2025 at 02:36pm
Key Points:Mark Price: A fair price calculated using multiple exchanges' prices, minimizing manipulation. It's crucial for funding rates and liquidation calculations.Latest Price: The most recent trade price on Binance Futures. Subject to volatility and potential manipulation.Discrepancies: Differences arise due to market depth, order book imbalances, a...

What is the difference between limit orders and market orders on Binance Futures?
Mar 17,2025 at 04:10pm
Key Points:Limit Orders: Specify the price you're willing to buy or sell at. Execution is not guaranteed, but you control the price.Market Orders: Buy or sell at the best available price immediately. Execution is guaranteed, but the price may be less favorable than desired.Binance Futures Context: Both order types are crucial for managing risk and execu...

How to operate cross-product arbitrage of Bitcoin contracts?
Mar 17,2025 at 01:00pm
Key Points:Understanding Bitcoin contract arbitrage relies on exploiting price discrepancies across different exchanges.Successful arbitrage requires speed, low latency connections, and sophisticated trading algorithms.Risk management is crucial, as market volatility and slippage can negate profits.Fees and slippage significantly impact profitability. C...

What is the difference between the mark price and the latest price of Bitcoin contracts?
Mar 17,2025 at 04:35pm
Key Points:Mark Price: A fair and unbiased price calculated using multiple exchanges' data, minimizing manipulation. It's crucial for funding calculations and preventing liquidation.Latest Price: The most recent trade price on a specific exchange. It's susceptible to manipulation and volatility. It reflects real-time market activity but lacks the stabil...
See all articles
