Dear KCEX Users,
Take Profit and Stop Loss Functionality Introduction:
The Take Profit and Stop Loss functionality allows users to set predefined profit and loss thresholds within their trading positions, enabling automatic triggering of closure operations during market fluctuations.
Simple and Convenient Setup Process:
You only need to input the price and quantity for Take Profit and Stop Loss on the platform interface, and the system will immediately place your settings as successful orders. When the market price reaches your set Take Profit or Stop Loss price, the system will automatically initiate a closure trade at the best available price.
Important Reminder:
Based on your position, the maximum quantity for Take Profit and Stop Loss equals the available futures quantity for closing the position minus the current quantity of Take Profit and Stop Loss orders.
Explanation of Take Profit and Stop Loss:
Take Profit: You anticipate that the price will rise/fall to a certain level, allowing you to gain expected profits. This feature helps convert potential gains into actual returns, supporting your trading strategy.
Stop Loss: You anticipate that the price will rise/fall to a certain level, potentially resulting in losses. Triggering a Stop Loss in a timely manner prevents further losses and serves as an effective risk management tool.
Usage Scenarios:
When you are unable to consistently monitor market fluctuations, setting Take Profit and Stop Loss can automatically manage positions and mitigate risks.
You can use the Take Profit and Stop Loss functionality based on your needs as long as you hold positions.
Position-Centric Approach:
Take Profit and Stop Loss functionality operates based on your current held positions. Without positions, you cannot set Take Profit and Stop Loss. You can adjust the order quantity according to the available quantity for closing the position.
Cancellation of Take Profit and Stop Loss:
In the trigger order list, Take Profit and Stop Loss orders will be clearly labeled for easy manual cancellation. If you actively close the entire position, the system will automatically cancel Take Profit and Stop Loss orders.
Risk Acknowledgment:
During intense market volatility, differences may arise between the execution price and specified price for Take Profit and Stop Loss if market price is used, and there is a possibility of non-execution or partial execution of orders.
We are committed to providing you with a secure and transparent digital currency trading environment. If you have any questions, please feel free to contact our customer service team.
Thank you for your continued support and trust in KCEX.
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Enjoy trading on KCEX,
The KCEX Team