How to Set Take Profit and Stop Loss Orders at the Same Time

This is an essential risk management strategy to save profits and avoid losses.

Photo by M. B. M. on Unsplash

Risk management is an essential component of any investment. Simply put, when you invest in an asset, you want to ensure two things:

1. Gain profits when the price hits a target (Take Profit).
2. Exit position if the price drops below a…