Placing Exit Orders when Coins have already been Bought (or Sold)
A Smart Order cannot be used where coins have already been bought (or sold).
If you wish to place both Take Profit and Stop Loss orders, the options are:
For Binance and Binance US, use the OCO order to place a TP and Stop Limit Order at the same time.
![See our OCO documentation for details. Linked above.](https://storage.crisp.chat/users/helpdesk/website/6dec030fcf420800/tp-oco_l383zq.png)
For other Spot exchanges a workaround is needed to combine a Take Profit and Stop Loss for coins you already own.
For Futures:
tick Reduce-Only, choose the correct side (Buy or Sell), and choose any of the available order types in the top part of the Trading widget to create a TP order. Place the order
![Futures: Adding a Limit Buy TP for coins already sold: using Redcue-Only.](https://storage.crisp.chat/users/helpdesk/website/6dec030fcf420800/tp-futres-short-limit_1w0ecnk.png)
and, tick Reduce-Only, choose the correct side (Buy or Sell), and use the top part of the Trading widget to create a Stop Market or Stop Limit order. Place the order
![Futures: Adding a Stop Limit Buy for coins already sold: using Reduce-Only. TP is already placed.](https://storage.crisp.chat/users/helpdesk/website/6dec030fcf420800/tp-futres-short-stop-limit_116n352.png)
If you have further questions, please contact Customer Support, linked at the bottom of this page.
If you wish to place both Take Profit and Stop Loss orders, the options are:
For Binance and Binance US, use the OCO order to place a TP and Stop Limit Order at the same time.
![See our OCO documentation for details. Linked above.](https://storage.crisp.chat/users/helpdesk/website/6dec030fcf420800/tp-oco_l383zq.png)
For other Spot exchanges a workaround is needed to combine a Take Profit and Stop Loss for coins you already own.
For Futures:
tick Reduce-Only, choose the correct side (Buy or Sell), and choose any of the available order types in the top part of the Trading widget to create a TP order. Place the order
![Futures: Adding a Limit Buy TP for coins already sold: using Redcue-Only.](https://storage.crisp.chat/users/helpdesk/website/6dec030fcf420800/tp-futres-short-limit_1w0ecnk.png)
and, tick Reduce-Only, choose the correct side (Buy or Sell), and use the top part of the Trading widget to create a Stop Market or Stop Limit order. Place the order
![Futures: Adding a Stop Limit Buy for coins already sold: using Reduce-Only. TP is already placed.](https://storage.crisp.chat/users/helpdesk/website/6dec030fcf420800/tp-futres-short-stop-limit_116n352.png)
If you have further questions, please contact Customer Support, linked at the bottom of this page.
Updated on: 23/04/2023
Thank you!