# Take Profit & Stop Loss

On tatadex, you have the ability to set both take profit and stop loss orders simultaneously, allowing you to effectively manage risk. With that, you can pre-set your TP/SL orders while placing a Limit order, Market order or Conditional order directly from the order zone. Additionally, you can also modify the TP/SL price before the order is filled.

* Take Profit orders are filled when prices reach a predetermined level. This feature enables traders to lock in profits and exit the trade.
* Stop Loss orders, on the other hand, are filled when prices reach a predetermined level, protecting traders from excessive losses by automatically exiting the trade.

#### Pre-set TP/SL orders in the order panel <a href="#pre-set-tp-sl-orders-in-the-order-panel" id="pre-set-tp-sl-orders-in-the-order-panel"></a>

You can directly set TP/SL orders when submitting limit orders, market orders, or conditional orders in the order panel.