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Back to Glossary
Trading

Take Profit

An order that automatically sells your crypto when it reaches a certain price target, locking in your gains. Take profit orders help you stick to your trading plan and avoid the temptation of holding too long. They work as the opposite of a stop loss.

Example

She set a take profit at $120,000 for her Bitcoin position and went about her day.

Practice trading on Staxo

Apply what you have learned. Trade with virtual money on the Staxo crypto simulator, completely risk free.

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