Take profit orders

Not everyone uses take-profit orders.

I normally close two-thirds of the position at a pre-defined point (it can be pre-defined by either S/R or “measured move”) and let the last third run, if it does - all entered in a single-click trade-entry, automated/pre-programmed, of course, including stop-loss adjustments: I move the stop-loss on the last third to breakeven (or nearly to breakeven) automatically if/when the first two-thirds clear. Fairly standard for trend-following.

(Some people will doubtless use 50/50 or 75/25 instead of my two-thirds/one-third, but the underlying principle is “fairly standard” for trend-following, anyway, even if not the proportions.)

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