For beginners, you must set your stop-loss at the time of placing an order. The process has two steps: first choose the margin mode, then set the stop-loss trigger price on the order entry page — both are done on the same order form.
Step 1: Confirm the Margin Mode
Decide whether to use "Isolated" or "Cross" margin to control the risk of this trade. On the futures trading page, in the order entry area, find the "Margin Mode" dropdown. Beginners should unconditionally select "Isolated". With Isolated margin, each trade's margin is separate. The maximum you can lose on this trade is the margin allocated to it, and the rest of your futures wallet balance remains safe. Completion standard: the order area shows "Isolated".
Step 2: Set Stop-Loss When Placing the Order
While opening your position, fill in the stop-loss trigger price and quantity. Go to the futures trading page, select a limit or market order, enter price and quantity, then check the "Take Profit/Stop Loss" option. Next, fill in two numbers: trigger price — when the price reaches this, the stop-loss is activated; order price — a limit sell order will be placed at this price after trigger. The trigger can be based on "Last Price" or "Mark Price"; beginners can use "Last Price". Completion standard: TP/SL fields are filled, and after the order is placed successfully, you can see this stop order in the "Open Orders" area.
Risk Warning
After a stop-loss order is triggered, it might not execute at your set order price. If the market moves too fast and the price skips your limit, the order may not be filled, resulting in a larger loss than expected. Especially for beginners: TP/SL is not a "guaranteed fill price", it is just an automated order placement.
Common Reasons for Setup Failure
The biggest mistake is wanting to set a stop-loss after opening a position — then you have to go to the positions area and click "Take Profit/Stop Loss" to add it. Many beginners skip this step when opening and get trapped when the market reverses. Another issue is setting the trigger price and order price too close, causing the stop to be triggered by normal swings and repeated stop-outs. Beginners are advised to reverse-calculate the stop-loss price so that the loss does not exceed 1%–3% of the single trade's capital.
Follow-up Tips
Before live trading, practice the TP/SL setup on the testnet a couple of times to make sure you can fill it out correctly. After placing the order, go to "Open Orders" to confirm that the stop order is actually placed — the TP/SL will only show after the position entry order is filled. After opening the position, double-check the stop-loss for the current position — if you have multiple pending orders with stop-losses, the system will treat the first filled order's stop as the stop for the position.
