Take Profit
Taking profit means closing a winning position to lock in the gain. For a short, that means buying back below the price you sold at. Traders often place a take-profit order at a planned price; where that order sits relative to other orders can decide whether it gets filled.
Take Profit in my real trades
Oct 29, 2026 (Thu) | Moving the take-profit up one tick
A take-profit order parked on a level with a large buy wall often never gets filled, because price bounces before reaching it. Moving it up one tick puts it just above the wall, so price reaches my order first. With the OTC index consolidating and a V-turn possible at any time, it was no moment to be greedy.
Oct 29, 2026 (Thu) trading log →
Oct 29, 2026 (Thu) | Full day: three shorts, three buy-backs
All three were quick trades: enter, then take profit by my rules. The stock dropped further after the last exit, but after a deep drop a sudden V-turn is always possible, so I followed my rules and didn't chase.
Oct 29, 2026 (Thu) trading log →
The hand-drawn charts here are based on my real intraday screenshots from that day; the original entry screenshots are kept.
Related terms
This website is a personal trading log and experience sharing. Nothing here is investment advice.