Post
Topic
Board Bitcoin Discussion
Re: Can you place stop loss and take profit at the same time?
by
Mpamaegbu
on 21/11/2018, 16:11:18 UTC
No, its not possible. You can either put a stop loss or take profit. There is no such thing as doing the both things at the same time. You have to choose between the two. I will suggest to always put stop loss to avoid the loss and for profit you should actively watch the market.
Placing the SL anf TP at the same time is a standard procedure in forex trading. I believe this is one of the upper hands FX has over the budding crypto industry. I think this is a whole lot of disadvantage if exchanges aren't implementing this mechanism already.