In crypto trading, risk management isn’t just a backup plan; it’s a core strategic element. That’s why we’re excited to introduce Kraken Pro’s new take profit/stop loss orders on futures trades, enabling you to predefine your exit points before you submit an order.
Sometimes referred to as “bracket” or “conditional*” orders, they are sophisticated methods that enforce discipline, ensuring that profits are realized and losses are contained.
But, what makes them a favorite among advanced traders isn’t just their functionality, it’s their ability to automatically turn strategy into action – letting traders sleep a little easier at night.
*If we’re getting really persnickety, these are OTOCO orders (One-Triggers-a-One-Cancels-the-Other), but that’s a mouthful!
Understanding take profit/stop loss (TP/SL)
So yes, you could already set separate take profit (TP) and stop loss (SL) orders ..
Support the originator by clicking the read the rest link below.
