Take profit trader is a strategy employed by traders in financial markets to secure gains at a predetermined price level. This approach allows traders to capitalize on favorable price movements while mitigating the risk of potential reversals. Here's all you need to know about take profit trading:
Take profit trading involves setting a specific price level at which a trader intends to sell an asset to lock in profits. This predetermined level is established before entering a trade and is
based on technical analysis, market conditions, and individual risk tolerance.