Blog/Strategy
StrategyNov 28, 20258 min read

Take Profit & Stop Loss Guide

Remove emotions from trading. Set your targets, automate your exits, and sleep better at night.

🎯 What is Take Profit?

A take profit order automatically sells your position when it reaches a target price or percentage gain. It locks in profits without you watching charts 24/7.

Example: You buy a token at $1. Set take profit at +50%. When price hits $1.50, your position automatically sells.

🛑 What is Stop Loss?

A stop loss order automatically sells when price drops to a certain level. It limits your downside and prevents small losses from becoming disasters.

Example: You buy at $1. Set stop loss at -20%. If price drops to $0.80, your position sells automatically.

📊 Suggested Settings by Risk Profile

Conservative

Take Profit: +20-30%

Stop Loss: -10-15%

Best for: Larger positions, established tokens

Moderate

Take Profit: +50-100%

Stop Loss: -20-30%

Best for: Medium positions, trending tokens

Aggressive

Take Profit: +200-500%

Stop Loss: -40-50%

Best for: Small positions, memecoins

📈 Trailing Stop Loss

A trailing stop moves up with the price but never moves down. This lets you ride winners while protecting gains.

  1. 1You buy at $1 with a 20% trailing stop
  2. 2Price rises to $2. Your stop moves to $1.60 (20% below high)
  3. 3Price rises to $3. Stop moves to $2.40
  4. 4Price drops to $2.40. Position sells. You kept 140% profit!

💡 Pro Tip: Trailing stops are perfect for memecoins that can pump unexpectedly. Set it and let it ride.

⚙️ Setting Up in Wallet Bot

  1. 1
    Open Settings Panel

    Click the gear icon in your active column

  2. 2
    Set Take Profit %

    Enter your target gain percentage

  3. 3
    Set Stop Loss %

    Enter your maximum acceptable loss

  4. 4
    Enable Trailing Stop (Optional)

    Set the trailing percentage to lock in gains as price rises

  5. 5
    Enable Auto-Sell

    Turn on the auto-sell toggle to activate your settings

💡 Best Practices

  • Always use both: Take profit AND stop loss. Never just one.
  • Set before buying: Decide your exit plan before you enter
  • Don't move stop losses down: That defeats the purpose
  • Match volatility: More volatile tokens need wider stops

Trade Without Emotion

Wallet Bot's automated take profit and stop loss execute instantly, 24/7. Set your rules and let the bot handle the rest.

Start Trading