STRATEGIES
Take Profit (Take Profit Order)
Definition
A take profit order automatically sells an asset when its price rises to a predetermined level, securing gains on a profitable position.
Example
Example
If you buy ETH at $2000 and set take profit at $2200, your position automatically sells when ETH reaches $2200.
Risks to Consider
Risks
- Missing further gains
- Premature exit
- Execution delays