Take-profit
An exit order that realizes profit at a predetermined target level. It defines the "reward" side of the risk-reward ratio.
The target can be set by structure (the next resistance or support), a measured move, or a fixed multiple of R. Partial profit-taking (for example closing half at 1R and carrying the rest with a trailing stop) is a common practice.
A trade without a target leaves profit to chance; but always taking profit early also lowers expectancy. Set a rule and evaluate it by its statistics.
Related terms
Where it appears in the guides
Guides whose text uses this term; most frequent first.
- cTrader ve DXtrade karşılaştırmasıPlatforms & tools
- Emir tipleri: market, limit, stop ve OCOGetting started with trading
- Drawdown tipleri: sabit, trailing ve gün sonuProp firm processes
- Fibonacci: geri çekilme ve uzatmaTechnical analysis
- Göstergeler: RSI, MACD, ATR — ne zaman, nasılTechnical analysis
- Hesap türleri: demo, gerçek ve prop hesabıGetting started with trading