# SL's Explained

## 1. Standard SL

* Set in the Sell tab
* Fixed to the initial buy amount
* If you enter a SL of 20%, when the token falls 20% below your initial entry it will sell 100% of your remaining tokens and close your position

```
For example,

With a SL of 20%, I buy a token at 100k mcap. When the token falls 20% (80k mcap) it
will close my position and sell 100% of my remaining tokens.

If the token goes to 200k mcap, it will not sell until it falls to 80k mcap.
```

## 2. TPs SL

* Set in the TPs tab
* Fixed based on the TP triggered
* If you enter a TPSL, when the TP is reached, the new SL will override the original standard SL

```
For example,

With a standard SL of 20%, I buy a token at 100k mcap. When the token falls 20% (80k 
mcap) it will close my position and sell 100% of my remaining tokens.

I set a TP for a 2x (200k mcap), to sell 25% of my position and a SL of 30%.

If the token goes to 200k, after selling 25%, my new SL will be 30%. If the token
falls 30% (140k) it will close my position and sell 100% of my remaining tokens.

If the token goes to 400k mcap, it will not sell until it falls to 140k mcap.
```

{% hint style="success" %}
The TP SL overrides and replaces the standard SL. This field is optional and you can choose to use your original SL.
{% endhint %}

## 3. Trailing SL (aka dynamic SL)

* Set in the Sell tab
* Fixed to the initial buy amount **difference**
* If you enter a SL of 20%, when the token falls below the current price (by the trailing difference) at any point, it will sell 100% of your remaining tokens and close your position

```
For example,

With a trailing SL of 20%, I buy a token at 100k mcap. When the token falls 20k mcap
(20% SL) it will close my position and sell 100% of my remaining tokens.

If the token goes to 200k mcap, the SL will only be triggered at 180k mcap because of
the entry price and trailing SL. 

The trailing SL is always adjusted when a token reaches an ATH. 

The 'trailing distance' is calculated by entry price/trailing SL.
    For 400k mcap & 30%, the distance is 120k
    For 10m mcap & 25%, the distance is 2.5m

It will sell when the token falls from the ATH by the trailing distance.
```

{% hint style="success" %}
The trailing SL will not replace your standard SL, however, it is likely to be triggered before your standard SL as it follows the tokens ATH
{% endhint %}


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