> For the complete documentation index, see [llms.txt](https://docs.tryliquid.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tryliquid.xyz/trading/take-profit-stop-loss.md).
# TP / SL
Take Profits are price levels at which you take profit, and Stop Losses are price levels at which you sell to avoid losing more of your capital. In general, **we strongly recommend setting stop losses to protect your capital.**
There are three ways to set take profit levels and stop losses: two places in the order form, and one place on the positions screen.
### Order Form (Numerical)
Under the advanced tab of the order form, there is a place to set take profits and stop losses. Instead of a mental calculation, you can also calculate the take profit and stop loss based on the return on equity target.
### Order Form (Visual)
After selecting the TP / SL on the order form, you can further refine your selection by looking at a visual interface.
### Position Screen (Visual)
Finally, you can also modify the Take Profit and Stop Loss after the trade by clicking on the
