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Take-Profit Order

A resting sell order at a level above the entry price that locks in a gain when reached — the optimistic twin of the stop-loss. Expressed as a limit order, it can rest at the broker around the clock, filling even on a brief intraday spike the trader would have missed watching manually.
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Related terms

Limit OrderAn order that executes only at a specified price or better: a buy limi…Stop-Loss OrderA resting order that triggers a sale when price falls to a set level, …Bracket OrderAn entry order packaged with both of its exits: a take-profit above an…

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