> For the complete documentation index, see [llms.txt](https://takepile.gitbook.io/takepile-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://takepile.gitbook.io/takepile-protocol/getting-started/get-started-with-the-takepile-protocol/trading-on-takepile/limit-orders/stop-losses-and-take-profits.md).

# Stop-Losses & Take Profits

While using a **limit close** order, a trader can indicate a **stop-loss** price where the trade automatically closes if an asset's price hits the indicated level. \
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A **limit close** order receives **take profit** input, where an indicated portion of the trade will automatically close at a specified level. 

{% hint style="info" %}
**Example:** \
I open a 100 pileUSDB short on FTM while FTM has a price of $2.00. I set a limit close order at $1.80, with a stop-loss set at $2.10, and a take profit of 50% of my total position size set at $1.90. \
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If FTM increased in price to $2.11, my stop-loss would be triggered, closing out my position at $2.10 with a 5% loss. \
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However, if FTM decreased in price to $1.89, my take profit would be triggered, 50% of my trade is closed, and 50% of my order would remain open.
{% endhint %}

These advanced trading features are typically only found on centralized exchanges, and the Takepile team is proud to offer them to our traders in a decentralized manner!