Bogged
  • Introduction
  • Get Started
    • Create a Wallet
    • Funding Your Crypto Wallet
    • Your First Trade
  • General FAQ
  • Roadmap & Releases
  • Token
    • FactSheet
    • BOG Tokenomics
      • Buy BOG
      • Staking
    • Earning & Staking
  • Product Overview
    • 🔃DEX Aggregator
      • Intro
      • Making a trade
      • Supported Chains
      • Supported DEXs
      • FAQ
    • 🌉DeFi Bridge
      • Intro
      • Bridging your tokens
      • The Future
    • 📉DeFi Stop-Losses
      • Introduction to DeFi stop-losses on Bogged
      • What is a stop-loss?
      • How to set a stop-loss on the Bogged platform
      • Stop-loss FAQs
    • 🎯Ultimate Sniper
      • Intro
      • Supported Chains & More
      • UI Overview & Basic Usage Guide
      • FAQ
    • 👀Limit Orders
      • Introduction to DeFi Limit Orders on Bogged
      • How to set a Limit Order
      • FAQs and Troubleshooting
    • 📈Charts
      • Intro
      • Portfolio
      • Supported Chains & DEXs
      • Changelog
  • Token Teams
    • 🚀Promotion
      • Trending & Most Viewed
      • Banner Ads
      • Promoted Token List
    • 💬Telegram Price Bot
      • Setup
        • Setup - Basic
        • Setup - Standalone Buy Bot
        • Setup - Waterfall Channel
      • Advanced Customisation
      • Command List
      • Known Conflicts & Troubleshooting
      • Roadmap
    • 🔁Bogged DEX Aggregator
      • For DEX's
      • For Token Teams
    • 📈BogCharts
      • BogCharts for Token Teams
      • BogCharts Honeypot Detection FAQ
    • ⚙️API
      • Importing into Excel
      • Importing into Google Sheets
  • Security
    • Overview
    • 🔎Audits
    • 🕷️Immunefi Bug Bounty
  • Developers
    • 📄Smart Contracts
      • BSC
      • Avalanche
      • Fantom
      • Cronos
      • Polygon
      • HECO
      • OEC
      • Kucoin Community Chain
      • Moonriver
      • Harmony
    • 🎲Randomness
  • Resources
    • Links
    • Contact Us
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  1. Product Overview
  2. DeFi Stop-Losses

What is a stop-loss?

Stop-loss orders are an essential tool for any professional trader. In the crypto market where prices may swing radically overnight, stop-loss orders can be vital, helping traders manage their risk and protect their portfolios.

A stop-loss is a sale order that triggers when the price of a token falls below a specified value.

Example: A trader holds 1 ETH, worth 2,000 USD. The trader is worried about losing their entire investment if ETH were to crash, so they set a stop-loss to sell the 1 ETH if its value falls below 1,500 USD (-25%).

How Stop-Loss orders work on the Bogged Platform

Once a stop-loss is placed, the Bogged platform begins to monitor the price of your chosen token. If the price falls below your exit point, a sale is automatically conducted within your wallet.

In the above example, if the price of ETH goes below 1,500 USD overnight, the trader would wake up to find that Bogged has sold the ETH in exchange for 1,500 USD.

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Last updated 2 years ago

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