What are stop-loss and take-profit orders?
A stop-loss automatically closes your position when price hits a level you chose, capping the loss. A take-profit does the opposite: it closes the position when price reaches your target, locking in the gain.
Together they turn a trade from a hope into a plan: before you enter, you know exactly where you're wrong (the stop) and where you're satisfied (the target). The distance to your stop also defines your risk — which is what position sizing should be built on.
The ratio between the two distances is your reward:risk. A trade risking 10 pips to make 30 is a 1:3 — it can be wrong more often than right and still make money. Every deterministic scanner on Poshkan sets a stop and target on every trade automatically; watching where it puts them is a fast way to build the habit.
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Poshkan is a free paper-trading simulator for stocks, crypto, and forex. Every trade, every stop-loss, every pip is 100% virtual — so mistakes cost nothing while the lessons stick.
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Educational content, not financial advice. Poshkan is a paper-trading simulator — all money, trades, and returns are 100% virtual.