Stop loss and take profit

Set a price at which a position sells automatically, and what happens when the sale cannot complete.

A stop loss sells your position if its price falls to a level you choose. A take profit sells it if the price rises to a level you choose. Both are for live trading only. They are not available in demo mode.

How it works

Every price in the panel is the price of the side you hold, in cents. For a position in NO, “falls” means the NO price falls.

A stop loss sells when your price falls to the trigger level or below.
A take profit sells when your price rises to the trigger level or above.

The price that is compared is the best price buyers are bidding for your side.

Each trigger has two prices:

Sell if your price falls to (stop loss) or Sell if your price rises to (take profit). This is the level that starts the sale.
But don’t accept below. This is the lowest price you will accept. The sale is placed as a limit order at this price. It is pre-filled 2¢ below the trigger level, and you can change it.

The panel shows You’d receive about and the result Against your cost, based on the lowest price you accept.

Important: a trigger is not a guaranteed fill

When the level is hit, Doxa places a sell order at your lowest acceptable price. If buyers are not bidding at or above that price, the order may fill only in part or not at all. A fast-moving market can pass through your level without a buyer at your floor. The panel does not promise you will sell at the trigger price.

Set a trigger when you buy

In the trade panel, choose Buy.
Fill in Stop loss, Take profit, or both. Each takes a price in cents.
Place the order.

For a market buy, the triggers are set once the order fills. For a limit buy, they are stored with the order and arm when it fills. A notice tells you they were set. If a trigger cannot be armed after the fill, you are told why.

Set or change a trigger on a position

Open your portfolio and find the position.
Press the shield icon (Set a stop loss or take profit) in the position’s row. If the position already has a trigger, the icon is a pencil (Edit stop loss or take profit).
Choose the Stop loss or Take profit tab, enter the levels, and press Arm stop loss or Arm take profit.

Armed triggers show under the market name, for example “STOP 48¢”. Press the badge to open the panel again.

To change a trigger, press Edit, change the levels and press Update stop loss or Update take profit. The type is locked while you edit. To switch a stop loss into a take profit, remove it and set a new one. To cancel a trigger, press Remove.

Rules

Levels must be between 0.1¢ and 99.9¢.
The lowest price you accept cannot be above the trigger level.
A stop loss must be below your current price, and a take profit above it. Otherwise it would sell straight away, and the panel refuses it.
The market needs a live price. If there is none, you cannot arm a trigger.
You can have one stop loss and one take profit per position. A second of the same type is refused with “You already have a stop loss on this position” (or take profit).
A trigger covers your holding in that market and side.
If selling is paused on a venue, a trigger cannot be armed there.
A position that includes multi-bet contracts cannot take a new trigger. Close the multi-bet to sell those contracts. See Multi-bet.
On fast 5-minute and 15-minute markets, the panel warns that in the final 10 seconds a stop cannot execute. The position settles at the market outcome instead. See Fast markets.

What you see when a trigger fires

While the sale is in progress, the badge reads Selling now. You cannot edit or remove a trigger at that moment. When it ends, you get a notification:

Stop loss filled or Take profit filled. The notice says how many shares sold, and at what price.
Partly filled. The rest of the position is still held, and the trigger stays on for it.
Didn’t fill. Your level was hit, but the sale could not be completed, for example because no buyer reached your lowest price, or selling was paused. The trigger is off and you still hold the position. Set a new one if you want protection again.
Interrupted. The sale was interrupted before it could be confirmed. The notice tells you what could be confirmed and asks you to check your position.
Expired. The market stopped trading, so the trigger ended. The position settles at the market outcome.
Removed. You no longer hold the position, or the trigger was cancelled.

See Messages and notifications.