# Take Profit and Stop Loss

You can decide to not use a Take Profit or Stop Loss orders. If you don't, your trade will be liquidated if the market price hits your liquidation price and it **won't** close if the PNL reaches 500%.\
\
When opening a position you can either use the slider, click on the chart or type in the price to select your SL and TP orders.

<figure><img src="/files/vJwD8ULrvbGvO9eDwWxw" alt=""><figcaption></figcaption></figure>

After opening a position the TP and SL orders will appear on the chart as well as in "MY OPEN POSITIONS" section.&#x20;

There are multiple ways to add, edit and remove TP and SL orders:

* From the open positions section: select TP or SL and click on the chart.
* From the chart: Click on the TP or SL line and drag it up or down.
* From the open positions section: type your desired price and hit Enter.&#x20;

<figure><img src="/files/L8CT6hY9E8qLNQaPImcW" alt=""><figcaption></figcaption></figure>

You can also use the Edit modal: Click the "Edit <img src="/files/kEWjmEvwYAHuCBqjsjYR" alt="" data-size="line">" button and in the pop-up window write your desired price then click "Apply".<br>

<figure><img src="/files/3RI8xYzjSOcPc9tMPkyL" alt=""><figcaption></figcaption></figure>


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