🚀 Want to minimize losses and secure profits on Bybit? Then you need to learn how to set stop-loss and take-profit correctly.
📌 Why is this important?
✔️ Stop-loss protects your funds from large losses.
✔️ Take-profit locks in profits before a price reversal.
✔️ If you’re using leverage, incorrect settings can lead to liquidation!
💡 In this guide, we’ll explain how to set stop-loss and take-profit on Bybit the right way.
📌 What Is Stop-Loss and Take-Profit?
🔹 Stop-Loss (SL) – Automatically closes a trade when a certain loss is reached. Prevents major losses!
🔹 Take-Profit (TP) – Automatically locks in profits when the price reaches a set level. Ensures you don’t miss profits!
📌 Example:
🔹 You buy BTC at $50,000.
🔹 You set stop-loss at $48,500 (to limit losses).
🔹 You place take-profit at $52,000 (to secure gains).
💡 If the price goes up, you make a profit. If it drops, your losses are limited.
📌 How to Set Stop-Loss and Take-Profit on Bybit?
🔹 Go to “Trade” → “Spot” or “Futures”.
🔹 Select a trading pair (e.g., BTC/USDT).
🔹 Enter your trade size.
🔹 Set Take-Profit (TP) and Stop-Loss (SL).
🔹 Click “Confirm” – done!
📌 Where to find these settings?
🔹 In the “Positions” tab (for futures).
🔹 In the limit order form (for spot trading).
💡 Correct settings help you manage risks effectively!
📈 Where to Place Stop-Loss and Take-Profit?
1️⃣ Spot Trading (No Leverage)
✔️ Stop-loss: 5–10% from entry price.
✔️ Take-profit: 10–30% from entry price.
📌 Example: You buy ETH at $2,000.
🔹 Stop-loss at $1,900 (-5%).
🔹 Take-profit at $2,200 (+10%).
2️⃣ Futures Trading (With Leverage)
✔️ Stop-loss: 1–3% (to avoid liquidation).
✔️ Take-profit: 5–10% (secure profits).
📌 Example:
🔹 You open a long position on BTC with 10x leverage at $50,000.
🔹 Stop-loss at $49,500 (to prevent liquidation).
🔹 Take-profit at $51,500 (to secure a +3% gain).
💡 In futures trading, leverage increases both risks and rewards!
🚨 Common Mistakes When Setting Stop-Loss
❌ Placing stop-loss too close – gets triggered too early.
❌ Not using stop-loss at all – leads to major losses.
❌ Setting take-profit too far – price never reaches it.
❌ Moving stop-loss further in losses – a common emotional mistake.
📌 Tip: Place stop-loss at support/resistance levels to avoid being stopped out too soon!
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💡 Conclusion
Stop-loss and take-profit are essential tools for successful trading!
🔥 Do you use stop-loss, or do you trade without it? Let’s discuss in the comments!
