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A take profit sells after a rise, a stop loss after a fall. Both sit on a position you already hold. Open the coin from your portfolio and choose TP/SL, or Edit TP/SL from /orders.

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Setting a level

Write a level as:
  • A percent or multiple of your entry: +100%, -30%, 2x
  • A market cap: $2m, 450k
  • A price: 0.0034
A tighter stop protects more capital and gets knocked out more often. On a coin that routinely moves 30% in an hour, a −6% stop will be hit by noise rather than by a trend.

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Several levels

A side can hold up to 5 levels, each selling its own share. Enter them comma separated, like +60%, +120%, +250%: each sells an equal share, and the last sells whatever is left. To size them yourself, add the share after a colon: +60%:30, +120%:30, +250%:40. A level set to 100% sells everything remaining at that point. So 50% at one level and 100% at the next sells half, then the rest.

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Trailing take profit and trailing stop

A trailing sell follows the price up. Its sell level sits a set distance under the highest price so far, rises with every new high and never moves down. When the price falls that far from its high, it sells. Place one from the coin’s panel: on the Selling side, ⚙️ Automations → 📋 Limit Order → 📶 Trailing Stop or 📶 Trailing TP. For a trail the panel doesn’t offer, use 📶 Trailing instead on TP/SL. A trailing sell can’t be edited: cancel it and add a new one.

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Dev Sell

👨‍💻 Dev Sell sells your position once the coin’s dev has sold a share of what they held, in one sale or several. It works on pump.fun coins, and on EVM coins whose creator Dawn can identify.

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Defaults for every new position

Set exits once for the profile: /settings → 📈 Stop Loss & Take Profit. Every new position then gets them, and you can still change any position from its own page. Defaults can be fixed levels or trailing, and take only a percent or a multiple of your entry. A layered default can sell less than all of the position: whatever its levels leave is kept. Changing a default trail also moves the trailing sells your defaults have already placed. A default Dev Sell is skipped on coins whose dev Dawn can’t identify.
A default stop loss is the single most useful setting in Dawn: it sells for you whether or not you are awake.

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Slippage on a stop

Stop losses, trailing sells and dev sells use your 🎯 Slippage, the same as take profits. A copytrade task’s exits use the task’s own slippage. Higher gets you out of a falling coin more reliably, at a worse price. Lower protects the price and risks not filling at all.

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What happens when one fires

Dawn messages you when an exit fills, fails, expires or is paused. See Notifications.
A stop loss is not a floor. It sells at whatever the market gives once the level is reached. A coin that gaps down, loses its liquidity, or blocks selling can leave you far below your level, or unable to exit at all.