Take-profit order

A take-profit order closes a position automatically when the price reaches your target, usually as a limit order so the exit is at your price or better. With a stop it brackets the trade, the TP/SL on the order panel, and it is the target line on the card you write before entry. A call wall on the option chain is one place traders put it.

Go on

In the help centreSee the order types available on Mochatrade
  • Limit orderA limit order buys or sells only at your price or better. You control the price, the market decides whether you trade…
  • TP/SL (take profit and stop loss)TP/SL is a take profit and a stop loss attached to a position, closing it at a target or a limit you set at entry.…
  • Market orderA market order buys or sells immediately at the best price available. It always fills, but at the ask if you buy and…
  • Partial fillA partial fill is when only part of a limit order executes because not enough size sat at your price; the rest keeps…
  • SlippageSlippage is the gap between the price you expected and the price you got. It comes from the spread, from a thin book…
  • Reduce-only orderA reduce-only order can only shrink or close an existing position, never open or flip one, so a closing order cannot…

Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.

Where it comes up