Glossary
Stop loss
A trigger that sends an order when the price reaches a level you set. It limits losses but does not guarantee the exit price, because the fill happens after the trigger.
Checked against the Hyperliquid documentation 8 Sept 2026 · how we check
Related terms
- Take profit A trigger that sends an order when the price reaches a favourable level. The mirror image of a stop loss.
- Reduce-only order An order flag guaranteeing the order can only shrink an existing position, never open a new one or flip your direction. Worth attaching to every exit.
- Slippage The difference between the price you expected and the price you got. It comes from order book depth, not from fees, and on thin markets it dwarfs the fee.