← Glossary

Take-profit

Also called: profit target

A resting sell above the current price. It fills at your price or better, or not at all.

In practice

It is an ordinary limit sell, named for the job it does: you decide in advance what price would be enough, and the order waits for it instead of you watching the chart.

What it is not

Not a prediction that the price will get there. If it never does, the order simply rests until you cancel it — or, when it is half of a bracket, until the stop fills and cancels it.