Trading glossary
Take Profit
A take profit is a pre-planned order that closes a trade at a fixed price to lock in gains when the market reaches your target. Together with the stop loss it defines the risk-reward ratio of a trade before entry. Reviewing whether you reach your targets, move them early, or close before the target is a common source of leaks in trading performance. A journal makes that review concrete: you can compare your planned take profit against the actual exit for every trade. Traders Vault records both sides of the trade so the pattern becomes visible.
What is Take Profit in trading?
A take profit is a pre-planned order that closes a trade at a fixed price to lock in gains when the market reaches your target. Together with the stop loss it defines the risk-reward ratio of a trade before entry. Reviewing whether you reach your targets, move them early, or close before the target is a common source of leaks in trading performance. A journal makes that review concrete: you can compare your planned take profit against the actual exit for every trade. Traders Vault records both sides of the trade so the pattern becomes visible.