WHAT IS TAKE PROFIT AND HOW TO SET IT PROPERLY?
Stop Loss protects your capital. Take Profit ensures your profits.
What is it?
An automatic order that closes your trade when the price reaches the profit level you set.
Why use it?
Because the market doesn’t warn you when it’s going to reverse.
Many traders see their trade reach +20%, don’t take profits expecting more, and end up closing at break-even or in a loss.
How do I set my TPs?
TP1 → a conservative target, the first nearby resistances/supports. Close part of the position here.
TP2 → an intermediate target, areas of technical interest.
TP3 → an ambitious target, for the case where the move extends.
The key is to close partially at each TP.
That way you lock in real gains while still letting part of the position run.
There’s no such thing as the perfect TP. There’s the TP that lets you sleep well and keep trading tomorrow. $BTC $ETH $BNB
💎 Premium signals + analysis in the VIP Chat of my profile — 15 USDT/month.
Stop Loss protects your capital. Take Profit ensures your profits.
What is it?
An automatic order that closes your trade when the price reaches the profit level you set.
Why use it?
Because the market doesn’t warn you when it’s going to reverse.
Many traders see their trade reach +20%, don’t take profits expecting more, and end up closing at break-even or in a loss.
How do I set my TPs?
TP1 → a conservative target, the first nearby resistances/supports. Close part of the position here.
TP2 → an intermediate target, areas of technical interest.
TP3 → an ambitious target, for the case where the move extends.
The key is to close partially at each TP.
That way you lock in real gains while still letting part of the position run.
There’s no such thing as the perfect TP. There’s the TP that lets you sleep well and keep trading tomorrow. $BTC $ETH $BNB
💎 Premium signals + analysis in the VIP Chat of my profile — 15 USDT/month.