Take Profit
A take profit is a predetermined price level where you automatically exit a winning trade to lock in gains. It's your discipline against greed.
Understanding the Concept
Paper gains aren't real until you sell. Everyone's a genius in a bull market until they ride it all the way back down. Take profit orders force you to realize gains instead of hoping for more. Most traders are better at planning entries than exits. They'll do hours of research to buy but hold through a 50% gain hoping for 100%. Then it crashes back down. Use take profit levels based on technical targets: resistance levels, Fibonacci extensions, or risk-reward ratios (if risking $100, target $300). Many pros scale out—take 50% off at first target, let the rest run with a trailing stop.
Real-World Example
You buy SOL at $100 targeting $130 resistance. Set your take profit at $128 to ensure fills before everyone rushes for the exit at $130. You wake up to profits instead of watching it reject and fall back.
How Strykr Helps
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