> ## Documentation Index
> Fetch the complete documentation index at: https://docs.leap.trade/llms.txt
> Use this file to discover all available pages before exploring further.

# Take Profit & Stop Loss

> Plan an exit before the market forces the decision. Learn what TP and SL do and what they do not guarantee.

Take-profit and stop-loss orders let you plan an exit around predefined price conditions.

They are useful because they turn an intention into an order instead of relying on you being online at the right moment.

## Take profit

A **Take Profit (TP)** is designed to close or reduce a position after price moves in your favor to a level you choose.

Example:

You open a BTC long and decide before entering that you want to realize profit if BTC reaches a specific higher price.

That price becomes your take-profit trigger.

## Stop loss

A **Stop Loss (SL)** is designed to close or reduce a position if price moves against you to a level you choose.

The goal is not to predict the exact bottom or top. It is to define the point where you no longer want to keep the same amount of risk open.

## Add TP/SL in Pro mode

In the Pro trade panel:

1. choose the market and direction
2. set the position amount
3. review leverage and margin
4. enable **Take profit / Stop loss**
5. enter the relevant trigger settings
6. review the full order before submitting

You can also manage exits around an existing position from the position/order controls available after sign-in.

## Trigger price vs fill price

A trigger tells the system **when to send or activate the exit**.

It does not always guarantee the exact final fill price.

Fast markets can move between trigger and execution, which is why slippage and liquidity still matter.

On Hyperliquid-backed perpetuals, risk and trigger calculations use the mark-price system rather than relying only on the most recent trade.

## TP/SL is not position sizing

A stop loss can reduce downside, but it does not make an oversized position safe.

Think of risk as a combination of:

* position size
* leverage
* margin available
* stop distance
* market volatility
* execution conditions

> **Risk:**
> In extreme volatility, an exit can execute at a different price from the level you expected. Never treat a stop loss as a guaranteed loss cap.