How to operate HTX spot trading? How to set stop profit and stop loss?

Learn to trade on HTX: deposit funds, place limit or market orders, and set stop profit/loss to manage risks effectively. Use advanced tools for better trading.

May 14, 2025 at 09:14 pm

How to Operate HTX Spot Trading? How to Set Stop Profit and Stop Loss?

HTX, formerly known as Huobi, is one of the leading cryptocurrency exchanges offering a wide range of trading options, including spot trading. Spot trading involves buying and selling cryptocurrencies at the current market price. This article will guide you through the process of operating spot trading on HTX and setting up stop profit and stop loss orders to manage your trades effectively.

Getting Started with HTX Spot Trading

To begin trading on HTX, you need to have an account and some cryptocurrency deposited into your wallet. Here’s how to get started:

• Log in to your HTX account: Visit the HTX website and log in using your credentials.
• Navigate to the Spot Trading Section: Once logged in, click on the "Spot" tab at the top of the page to access the spot trading interface.
• Deposit Funds: Before you can trade, you need to deposit funds into your HTX wallet. Click on "Deposit" and select the cryptocurrency you want to deposit. Follow the instructions to transfer funds from your external wallet to your HTX wallet.

Placing a Spot Trading Order

Once you have funds in your HTX wallet, you can start placing orders. HTX offers two types of spot trading orders: limit orders and market orders.

• Limit Order: A limit order allows you to set a specific price at which you want to buy or sell a cryptocurrency. If the market reaches your specified price, the order will be executed.
  • To place a limit order, select the trading pair you want to trade (e.g., BTC/USDT). Enter the amount of cryptocurrency you want to buy or sell and the price at which you want to execute the trade. Click on "Buy" or "Sell" to place the order.
• Market Order: A market order is executed at the current market price. This type of order is useful if you want to buy or sell a cryptocurrency quickly.
  • To place a market order, select the trading pair, enter the amount of cryptocurrency you want to buy or sell, and click on "Market" instead of entering a specific price. Then, click on "Buy" or "Sell" to execute the order.

Setting Up Stop Profit and Stop Loss Orders

Stop profit and stop loss orders are essential tools for managing risk and securing profits in spot trading. These orders automatically execute a trade when the market reaches a certain price, helping you to limit losses and lock in gains.

• Stop Profit Order: A stop profit order, also known as a take profit order, is used to sell a cryptocurrency when its price reaches a certain level, ensuring that you can secure profits.
  • To set a stop profit order, go to the trading pair you want to set the order for. Click on "Order" and then select "Stop-Limit." Enter the amount of cryptocurrency you want to sell and the price at which you want to trigger the order (stop price). Also, set the limit price, which is the price at which the order will be executed. Click on "Sell" to place the order.
• Stop Loss Order: A stop loss order is used to limit potential losses by selling a cryptocurrency when its price falls to a certain level.
  • To set a stop loss order, follow the same steps as setting a stop profit order. Enter the amount of cryptocurrency you want to sell, the stop price at which you want to trigger the order, and the limit price at which the order will be executed. Click on "Sell" to place the order.

Monitoring and Managing Your Orders

After placing your orders, it’s important to monitor and manage them to ensure they are executed as intended.

• Viewing Your Orders: You can view your open orders by clicking on the "Open Orders" tab on the trading interface. This will show you all your active limit, market, stop profit, and stop loss orders.
• Canceling Orders: If you need to cancel an order, go to the "Open Orders" tab, find the order you want to cancel, and click on the "Cancel" button next to it. The order will be canceled, and the funds will be returned to your wallet.
• Checking Order History: To review your past trades and orders, click on the "Order History" tab. This will show you a detailed list of all your executed and canceled orders.

Advanced Features and Tips

HTX offers several advanced features that can enhance your spot trading experience. Here are some tips to make the most out of your trading:

• Using the TradingView Chart: HTX integrates TradingView charts, which provide advanced charting tools and technical indicators. Use these tools to analyze market trends and make informed trading decisions.
• Setting Alerts: You can set price alerts on HTX to notify you when a cryptocurrency reaches a certain price. This can help you stay updated on market movements without constantly monitoring the platform.
• Leveraging the HTX App: The HTX mobile app allows you to trade on the go. Download the app on your smartphone to access all the features of the desktop platform from anywhere.

Frequently Asked Questions

Q1: Can I set multiple stop profit and stop loss orders for the same trading pair on HTX?

Yes, you can set multiple stop profit and stop loss orders for the same trading pair on HTX. This allows you to manage different portions of your holdings with different price targets.

Q2: What happens if the market price gaps through my stop price on HTX?

If the market price gaps through your stop price, HTX will execute your stop order at the next available price. This means your order might be filled at a price different from your stop price, especially in volatile markets.

Q3: How do I know if my stop profit or stop loss order has been triggered on HTX?

You can check the status of your stop profit and stop loss orders in the "Open Orders" tab. Once an order is triggered and executed, it will move to the "Order History" tab, where you can review the details of the executed trade.

Q4: Can I modify my stop profit and stop loss orders after they are placed on HTX?

Yes, you can modify your stop profit and stop loss orders on HTX. Go to the "Open Orders" tab, find the order you want to modify, and click on the "Edit" button next to it. You can then adjust the stop price and limit price as needed.