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

# Limit Orders (TP/SL)

> Take Profit and Stop Loss orders that execute automatically when price hits your level. Set the level, walk away.

Set the level, walk away. Limit orders execute automatically when price reaches your target — take profits and cut losses without staring at minute candles (which makes your trading worse anyway).

## Order types

| Type                 | What it does                        | Example                                            |
| -------------------- | ----------------------------------- | -------------------------------------------------- |
| **Take Profit (TP)** | Sell when price rises to your level | Sell 50% at 2x to recover initials                 |
| **Stop Loss (SL)**   | Sell when price falls to your level | Cut the position at −40% instead of riding to zero |

You can combine them on one position — a TP at +100% *and* an SL at −40% — and whichever triggers first wins.

## How to set one

1. On a token page, switch the trade panel to **Limit**.
2. Choose the trigger: target price or market cap. {/* TODO(team): confirm trigger options (price / mcap / % change) */}
3. Set the amount — tokens, USDC, or % of position.
4. Confirm. The order appears in the **Orders** tab of the token page and in your Portfolio.

<Frame>
  <img src="https://mintcdn.com/trady-fe7355a3/GAoXOQplDSv9Mz22/images/product/limit-order.png?fit=max&auto=format&n=GAoXOQplDSv9Mz22&q=85&s=01aae7d2b7a090c8d436b8c719fafe16" alt="limit order form + open order shown on chart" width="664" height="874" data-path="images/product/limit-order.png" />
</Frame>

## How execution works

Trady's limit orders are managed off-chain and executed on-chain when triggered:

* Price is monitored in real time; when your trigger hits, the order executes with the scoped signing permission you granted at creation. You don't need the tab open — orders fire while you sleep.
* Execution respects your [Transaction Settings](/trading/transaction-settings); on fast dumps, expect fills near-but-not-exactly-at your trigger (that's the chain, not the terminal).

## The strategy everyone should steal

Recover your initials early. Bought 1 SOL of something and it 2x'd? A take-profit selling 50% at 2x returns your 1 SOL — everything left is house money, and every decision after that gets easier. If you screenshot the profit for the group chat, that's usually the sign to set the order. (One click on a position: **Sell init** — see [Quick Sell](/trading/instant-trade-quick-buy-sell).)

## Mini-FAQ

**Do limit orders expire?**
{/* TODO(team): confirm expiry / GTC behavior */} Open orders stay visible in the Orders tab; cancel anytime.

**Can a stop loss fail?**
On a violent rug, price can gap through your level faster than any transaction can land — a stop loss reduces risk, it doesn't abolish it. This is true on every terminal; anyone claiming otherwise is lying to you.