[{"data":1,"prerenderedAt":346},["ShallowReactive",2],{"api/learn-center-post-en-what-are-stop-loss-and-stop-limit-orders":3,"footer-en":56,"learn/crypto-trading/what-are-stop-loss-and-stop-limit-orders-en-seo":254,"navigation-en-learn-center":259,"api/learn-categories-en":307},{"seo":4,"locale":21,"breadcrumbs":22,"excerpt":30,"featuredImage":31,"components":38,"title":5,"formattedPublishedAt":49,"geofencings":50,"category":51,"pagination":53,"campaignExternalId":7},{"title":5,"metaTitle":5,"metaDescription":6,"keywords":7,"metaRobots":7,"structuredData":8,"metaImage":9,"metaSocial":17,"canonicalURL":7,"localizations":18},"What are stop-loss and stop-limit orders?","Stop-loss and stop-limit orders help traders manage risk by automatically selling assets when they reach a set price",null,{},{"url":10,"mime":11,"ext":12,"width":13,"height":14,"name":15,"alt":16},"bitstampImageUrl/what_is_a_stop_loss_order_d9b94f7394_fe7ef556eb.png","image/png",".png",900,451,"what_is_a_stop_loss_order_d9b94f7394.png","",[],[19],{"pathname":20,"locale":21},"/learn/crypto-trading/what-are-stop-loss-and-stop-limit-orders/","en",[23,27],{"id":24,"text":25,"url":24,"asUrl":26},"/learn/crypto-trading/","Crypto trading",true,{"id":28,"text":5,"url":20,"asUrl":29},"what-are-stop-loss-and-stop-limit-orders",false,"\u003Cp>Stop-loss and stop-limit orders are both risk-management tools that traders can set to automatically sell an asset when it reaches a predetermined price. \u003C/p>\n",{"url":32,"mime":33,"ext":34,"width":35,"height":36,"name":37,"alt":16},"bitstampImageUrl/what_is_a_stop_loss_order_da5dd0d30f_9dd5a53d59.svg","image/svg+xml",".svg",1920,1080,"what_is_a_stop_loss_order_da5dd0d30f.svg",[39],{"component":40,"props":41,"content":42,"secondaryContent":46,"ctas":47,"secondaryCtas":48,"ctasNoMarginTop":29},"section.full-text",{"centered":29,"withoutSectionContainer":29},{"text":43,"width":44,"align":45},"\u003Cp>The mechanics of trading are often boiled down to the simplest dichotomy: “buy” and “sell.” However, there are many ways to buy and sell assets like stocks, bonds, and \u003Ca href=\"https://www.bitstamp.net/learn/crypto-101/what-is-cryptocurrency/\">cryptocurrencies\u003C/a>. These strategies have defined roles, ensuring traders have the utmost control of their trades and can manage risk accordingly.  \u003C/p>\n\u003Ch2>Terminology\u003C/h2>\n\u003Cp>Trades can be broken down into \u003Cstrong>buying\u003C/strong> and \u003Cstrong>selling\u003C/strong>. Buying means obtaining assets like cryptocurrencies by exchanging them for another medium of value, such as fiat currency. Selling is the opposite: relinquishing assets in exchange for a return of value. \u003C/p>\n\u003Cp>Buying and selling is most intuitively performed at the \u003Cem>market price\u003C/em>. Think of the chart of an asset like \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-bitcoin-btc/\">Bitcoin\u003C/a> (BTC). The price varies, up and down, based on its demand among market participants. As more traders want to obtain it (i*.e.,* more buyers), sellers can charge a higher price for the exchange. Submitting a trade for an asset at its current price is called a \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/common-crypto-order-types/\">market order\u003C/a>. However, perhaps a trader only wants to buy BTC when it reaches a certain price. They can specify at what \u003Cem>limit\u003C/em> they are willing to buy an asset. In doing so, they place a \u003Cstrong>limit order\u003C/strong>.  \u003C/p>\n\u003Cp>While market orders are generally filled quickly, the price can change between the submission of the trade and its execution. Limit orders, on the other hand, favor the accuracy of execution price over the expediency of the trade’s execution. They are used by traders in different scenarios, where either speed or price specificity is preferred. \u003C/p>\n\u003Ch2>Stop-loss and stop-limit orders\u003C/h2>\n\u003Cp>\u003Cem>Note: To explain these complex terms, examples below will describe long positions. The mechanics are similar for short positions but reversed.\u003C/em> \u003C/p>\n\u003Cp>\u003Cstrong>Stop-loss orders\u003C/strong> are instructions that say: “when the price goes below *x, *sell my assets immediately at the market price.” When a trader buys an asset at a certain price, they can place a stop-loss order below that level to stop their losses (hence the name). If the value of the asset falls below the stop-loss order’s designated price, then a market order is placed to exit the position. \u003C/p>\n\u003Cp>\u003Cstrong>Stop-limit\u003C/strong> \u003Cstrong>orders\u003C/strong> are like stop-loss orders, but they execute using limit orders (rather than market orders). They are instructions that say: “when the price goes below \u003Cem>x\u003C/em>, sell my assets if they reach the lower price \u003Cem>y\u003C/em>.” Whereas stop-loss orders use a simple one-step method, stop-limit orders add one degree of complexity. When the price of an asset drops to a predetermined level, a stop-limit order places a limit order below that level, so that if the price drops any further (to that new price), then the order executes, and the position is closed. \u003C/p>\n\u003Ch2>How do these tools aid in risk management?\u003C/h2>\n\u003Cp>Stop-loss and stop-limit orders are conditional orders that give traders more control over how they manage risk. They can be used to reduce how much a losing trade can negatively affect a portfolio. \u003C/p>\n\u003Cp>When buying assets, stop-loss and stop-limit orders place a maximum on how much a trade can lose. Most commonly, traders will implement these trading strategies on particularly volatile or high-risk trades, and they can specify exactly how much they are willing to lose on a trade by choosing a percentage or price level using \u003Ca href=\"https://www.bitstamp.net/en-gb/learn/crypto-trading/what-is-technical-and-fundamental-analysis/\">technical analysis\u003C/a>. \u003C/p>\n\u003Cp>Every strategy has risks, even strategies like stop-loss and stop-limit orders, which are—by design—ways to \u003Cem>reduce\u003C/em> risk. By hedging using stop-loss orders, traders can sell their assets near the bottom of a downturn and potentially miss a rally in price that can recoup some of their losses. This is one of the problems that a stop-limit orders address. However, there are also downsides to stop-limit orders. For instance, they are complicated to set up, and when asset valuations “gap up” or “gap down” (which occurs when the opening price is higher or lower than the previous session's closing price), the limit price may not be the true execution price. \u003C/p>\n\u003Cp>Finally, it is worth mentioning \u003Cstrong>trailing stop orders\u003C/strong>. With trailing orders, unlike fixed orders, the price level at which a position is automatically closed moves with the asset. For example, a trader of \u003Ca href=\"https://www.bitstamp.net/learn/cryptocurrency-guide/what-is-ethereum-eth/\">Ethereum\u003C/a> (ETH) can set a stop-loss 5% below their entry point, and as the price of ETH rises, the stop-loss level also rises and remains 5% below each new high. \u003C/p>\n\u003Ch2>How can stop-loss and stop-limit orders be used in crypto trading?\u003C/h2>\n\u003Cp>These strategies can be used by crypto traders to ensure they do not incur large, unintended losses. Cryptocurrency markets are notoriously volatile, and if traders are not careful, they can lose large sums of capital. Therefore, appropriate risk management is key. Most centralized exchanges and some \u003Ca href=\"https://www.bitstamp.net/learn/web3/what-is-decentralized-finance-defi/\">decentralized finance (DeFi)\u003C/a> protocols—including \u003Ca href=\"https://www.bitstamp.net/learn/crypto-trading/what-are-derivatives/\">derivatives\u003C/a> trading—offer functionality for stop-loss and stop-limit orders. \u003C/p>\n\u003Cp>Examples \u003C/p>\n\u003Cp>First, imagine a trader who \u003Ca href=\"https://www.bitstamp.net/markets/btc/usd/\">buys BTC\u003C/a> at $50,000. At the same time, they set a stop-loss at $45,000. Some possible scenarios are: \u003C/p>\n\u003Cul>\n\u003Cli>The price of BTC varies, but slowly trends up, never decreasing to the stop-loss level of $45,000. Therefore, the stop-loss never triggers, and the trader chooses to close out for a profit some days or weeks later. \u003C/li>\n\u003Cli>The price of BTC initially increases, but ultimately it begins a slow trend downwards. When it drops below $45,000, the exchange executes the trader’s stop-loss order, ultimately closing the position at $44,998—for a minimal loss to the trader.  \u003C/li>\n\u003Cli>The price of BTC drops precipitously, quickly eclipsing the $45,000 level. Because of the fast-moving target, when the stop-loss triggers, the market price is $43,050, and the trader incurs a larger loss than intended.\u003C/li>\n\u003C/ul>\n\u003Cp>Now, imagine a trader who \u003Ca href=\"https://www.bitstamp.net/markets/eth/usd/\">buys ETH\u003C/a> at $2,000 with a stop-limit order specifying a stop at $1,800 and a limit at $1,700. \u003C/p>\n\u003Cul>\n\u003Cli>The price of ETH rises above $2,000 and does not return to lower levels. The trader’s hedging order does not trigger. \u003C/li>\n\u003Cli>The price of ETH drops quickly below $1,800 but only as low as $1,760. Then, it begins a slow recovery. Because the price never reached the limit of $1,700, the trader maintains their position and can enjoy the rally back to higher valuations. \u003C/li>\n\u003Cli>The price of ETH decreases slowly, ultimately eclipsing both the $1,800 and $1,700 levels. Once it falls to $1,700, the stop-limit order triggers and the position is closed. The trader sells their ETH to cash.\u003C/li>\n\u003C/ul>\n\u003Cp>Conclusion \u003C/p>\n\u003Cul>\n\u003Cli>\u003Cp>Stop-loss and stop-limit orders are ways to manage risk by placing trades with maximum loss potential. \u003C/p>\n\u003C/li>\n\u003Cli>\u003Cp>Stop-loss orders use market orders and favor execution speed over price, whereas stop-limit orders use multiple steps to close positions at a specific price at the cost of expediency.  \u003C/p>\n\u003C/li>\n\u003Cli>\u003Cp>In the volatile crypto market, appropriate caution must be taken to limit losses and manage risk. Understanding—and using—stop-loss and stop-limit orders can help traders be more responsible with their capital.\u003C/p>\n\u003C/li>\n\u003C/ul>\n","full","left",{"text":16},[],[],"October 10th, 2024",{},{"title":25,"url":24,"geofencings":52},{},{"previous":54,"next":55},"/learn/crypto-trading/what-are-short-term-trading-methods/","/learn/crypto-trading/what-are-support-and-resistance/",{"ready":26,"sections":57,"disclaimer":252,"copyright":253},[58,101,129,152,189,208],{"title":59,"content":16,"items":60},"About",[61,66,71,76,81,86,91,96],{"noFollow":26,"isExternal":29,"name":62,"value":63,"isEmail":29,"isPhoneNumber":29,"isText":29,"showOnDesktop":26,"showOnMobile":26,"attachment":64,"geofencings":65},"Who We 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Kingdom",{},{},{"title":209,"content":16,"items":210},"Contact",[211,216,220,224,228,232,237,242,247],{"noFollow":29,"isExternal":29,"name":212,"value":213,"isEmail":29,"isPhoneNumber":29,"isText":29,"showOnDesktop":26,"showOnMobile":26,"attachment":214,"geofencings":215},"Customer support","/customer-support/",{},{},{"noFollow":29,"isExternal":29,"name":217,"value":217,"isEmail":26,"isPhoneNumber":29,"isText":29,"showOnDesktop":26,"showOnMobile":26,"attachment":218,"geofencings":219},"info@bitstamp.net",{},{},{"noFollow":29,"isExternal":29,"name":221,"value":221,"isEmail":26,"isPhoneNumber":29,"isText":29,"showOnDesktop":26,"showOnMobile":26,"attachment":222,"geofencings":223},"press@bitstamp.net",{},{},{"noFollow":29,"isExternal":29,"name":225,"value":225,"isEmail":26,"isPhoneNumber":29,"isText":29,"showOnDesktop":26,"showOnMobile":26,"attachment":226,"geofencings":227},"support@bitstamp.net",{},{},{"noFollow":29,"isExternal":29,"name":229,"value":229,"isEmail":26,"isPhoneNumber":29,"isText":29,"showOnDesktop":26,"showOnMobile":26,"attachment":230,"geofencings":231},"complaints@bitstamp.net",{},{},{"noFollow":29,"isExternal":29,"name":233,"value":234,"isEmail":29,"isPhoneNumber":26,"isText":29,"showOnDesktop":26,"showOnMobile":26,"attachment":235,"geofencings":236},"+44 20 3868 9628","+442038689628",{},{},{"noFollow":29,"isExternal":29,"name":238,"value":239,"isEmail":29,"isPhoneNumber":26,"isText":29,"showOnDesktop":26,"showOnMobile":26,"attachment":240,"geofencings":241},"+1 800 712 5702","+18007125702",{},{},{"noFollow":29,"isExternal":29,"name":243,"value":244,"isEmail":29,"isPhoneNumber":26,"isText":29,"showOnDesktop":26,"showOnMobile":26,"attachment":245,"geofencings":246},"+352 20 88 10 96","+35220881096",{},{},{"noFollow":29,"isExternal":29,"name":248,"value":249,"isEmail":29,"isPhoneNumber":26,"isText":29,"showOnDesktop":26,"showOnMobile":26,"attachment":250,"geofencings":251},"+65 3105 1676","+6531051676",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. You can read more about our legal terms, policies and disclosures \u003Ca href=\"/legal/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>.\u003C/p>\n","\u003Cp>All rights reserved © 2026 Bitstamp by Robinhood. \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NMLS #1905429\u003C/a>\u003C/p>\n",{"description":6,"ogDescription":6,"ogImage":255,"twitterImage":255,"twitterSite":256,"twitterCreator":256,"twitterCard":257,"twitterTitle":5,"twitterDescription":6,"titleTemplate":258},"https://assets.bitstamp.net/msc/_ipx/enlarge_true&f_png&fit_cover&q_85&s_1200x630/bitstampImageUrl/what_is_a_stop_loss_order_d9b94f7394_fe7ef556eb.png","@Bitstamp","summary_large_image","%s",{"items":260,"ready":26,"platformButtonText":303,"backButtonText":304,"logInButtonText":305,"signUpButtonText":306},[261,265,269,272,275,278,281,286,289,294,299],{"headerName":262,"sidemenuName":133,"url":134,"noFollow":29,"showInHeader":26,"showInSidemenu":26,"geofencings":263,"submenu":264,"tag":16},"Institutions",{},[],{"headerName":125,"sidemenuName":125,"url":126,"noFollow":29,"showInHeader":26,"showInSidemenu":26,"geofencings":266,"submenu":267,"tag":268},{},[],"NEW",{"headerName":148,"sidemenuName":148,"url":149,"noFollow":29,"showInHeader":26,"showInSidemenu":26,"geofencings":270,"submenu":271,"tag":16},{},[],{"headerName":105,"sidemenuName":105,"url":106,"noFollow":29,"showInHeader":26,"showInSidemenu":26,"geofencings":273,"submenu":274,"tag":16},{},[],{"headerName":115,"sidemenuName":115,"url":116,"noFollow":29,"showInHeader":26,"showInSidemenu":26,"geofencings":276,"submenu":277,"tag":16},{},[],{"headerName":120,"sidemenuName":120,"url":121,"noFollow":29,"showInHeader":26,"showInSidemenu":26,"geofencings":279,"submenu":280,"tag":16},{"geofencing-uk":26},[],{"headerName":282,"sidemenuName":282,"url":283,"noFollow":29,"showInHeader":26,"showInSidemenu":26,"geofencings":284,"submenu":285,"tag":16},"Markets","/markets/",{},[],{"headerName":110,"sidemenuName":110,"url":111,"noFollow":29,"showInHeader":26,"showInSidemenu":26,"geofencings":287,"submenu":288,"tag":16},{},[],{"headerName":290,"sidemenuName":290,"url":291,"noFollow":29,"showInHeader":26,"showInSidemenu":26,"geofencings":292,"submenu":293,"tag":16},"Blog","https://blog.bitstamp.net/",{},[],{"headerName":295,"sidemenuName":295,"url":296,"noFollow":29,"showInHeader":26,"showInSidemenu":26,"geofencings":297,"submenu":298,"tag":16},"Learn","/learn/",{},[],{"headerName":300,"sidemenuName":300,"url":106,"noFollow":29,"showInHeader":29,"showInSidemenu":26,"geofencings":301,"submenu":302,"tag":16},"Get Bitstamp by Robinhood app",{},[],"Go to platform","Back","Log in","Get started",[308,312,316,320,324,326,330,334,338,342],{"title":309,"url":310,"geofencings":311},"Blockchain technology","/learn/blockchain/",{},{"title":313,"url":314,"geofencings":315},"Company profiles","/learn/company-profiles/",{},{"title":317,"url":318,"geofencings":319},"Crypto 101","/learn/crypto-101/",{},{"title":321,"url":322,"geofencings":323},"Crypto definitions","/learn/crypto-definitions/",{},{"title":25,"url":24,"geofencings":325},{},{"title":327,"url":328,"geofencings":329},"Cryptocurrency guide","/learn/cryptocurrency-guide/",{"geofencing-uk":26},{"title":331,"url":332,"geofencings":333},"People profiles","/learn/people-profiles/",{},{"title":335,"url":336,"geofencings":337},"Security","/learn/security/",{},{"title":339,"url":340,"geofencings":341},"Tutorials","/learn/bitstamp-tutorials/",{},{"title":343,"url":344,"geofencings":345},"Web3","/learn/web3/",{},1776263772191]