Articles on: Trading Essentials

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).

In this situation, the top section of the Trading widget can be used to create an exit order.
Choose the appropriate side (Buy or Sell) then select from all of the available order types to create an exit order.

Using a Scaled Ladder Sell order to place TP orders when you own coins.

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.

For other Spot exchanges, since the coins will be reserved by any orders placed, only one type can be placed: either Take Profit, Stop Loss, or Trailing Stop Loss. Use the top section of the Trading widget to place the order.
Using a Scaled Ladder Sell order to place TP orders when you own coins.

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.

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.

If you have further questions, please contact Customer Support, linked at the bottom of this page.

Updated on: 14/12/2022

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