Set a stop-loss or take-profit
How to pre-commit an exit on Predictifi with conditional stop-loss and take-profit orders.
Conditional orders let you pre-commit an exit so you do not have to watch the market. You set a trigger; a keeper monitors markets and executes your order on-chain when the trigger is reached.
Stop-loss
A stop-loss closes your position when price falls to a level you choose, capping your downside. Open the market's Trade panel, choose Stop-loss, set the trigger price and a slippage tolerance, and confirm.
Take-profit
A take-profit closes your position when price rises to a level you choose, locking in gains. Set it the same way, choosing a trigger above the current price.
How execution works
- Placing an order moves the shares it covers into escrow in the orders contract, where they stay until the order executes, or until you cancel it and they are returned.
- A keeper watches markets and submits the close on-chain at the next valid opportunity once the trigger is met, respecting your slippage tolerance.
- You can cancel an unfilled order at any time.
Slippage matters
Set a realistic slippage tolerance. If price moves through your trigger faster than the keeper can execute, a tight tolerance may cause the close to skip rather than fill at a worse price.