How to set stop loss in ok contract

OK Contract stop loss order is a trading tool to limit losses. It can be set by the following steps: 1. Log in to the account and navigate to the contract trading interface. 2. Enter the stop loss price, slightly lower than the target price. 3. Select the trigger method: trigger price or stop loss price. 4. Confirm placing the stop loss order after checking the settings.

How to Set Stop Loss on OKX Contracts

A stop loss order is a trading tool used to limit potential losses. It helps traders automatically close their positions when a predetermined price is reached to prevent further losses. Users of OKX contracts can set stop loss orders through the following steps:

Step 1: Enter the trading interface

• Log in to the OKX account and navigate to the contract trading interface.
• Select the desired contract pair and contract type.

Step 2: Set Stop Loss Price

• Enter the stop loss price at which you wish to close your position in the "Stop Loss Price" field.
• The stop loss price should be slightly lower than your expected target price to provide wiggle room.

Step 3: Set the stop loss triggering method

• OKX contract provides two stop loss triggering methods:

  • Trigger price: The stop loss is triggered when the market price reaches or is lower than the stop loss price one.
  • Stop loss price: A stop loss order is triggered when the market price is lower than the trigger price of the stop loss price.

Step 4: Confirm the stop loss order

• Check the settings of the stop loss order, including the stop loss price, trigger method and order volume.
• After confirming that it is correct, click the "Order" button to place a stop loss order.

Advanced Tip:

• Set a reasonable stop loss price that protects your profits while providing room for maneuver.
• Consider using a trailing stop order, which automatically adjusts the stop price as market prices fluctuate.
• Monitor your stop loss orders regularly and make adjustments according to market conditions.

The above is the detailed content of How to set stop loss in ok contract. For more information, please follow other related articles on the PHP Chinese website!