All terms
Definition
Take Profit
A Take Profit is an order that automatically closes your trade once your profit target has been reached.
Quick take
Auto-closes your trade at your target.
Keep this in mind every time you see take profit on the chart — context is everything.
Did You Know?
Setting partial take profits along the way can lock in gains while still letting a portion of the trade run.
Common Beginner Mistake
Removing take profit out of greed and watching a winning trade reverse all the way back into a loss.