# What is and how to set a ‘Take Profit’

‘Take Profit’ is a type of **limit order** that automatically closes an open position once a specified profit level is reached.

## 1. 📊 Select the Asset

Choose the cryptocurrency or asset you wish to trade.

## 2. 🔄 Enter Your Position

Open a **buy** (long) or **sell** (short) position based on your strategy.

## 3. 🎯 Set the Take Profit Level

* For a **long** position, choose a price **above** the current market price.
* For a **short** position, choose a price **below** the current market price.\
  This ensures the position closes once your target profit is met.

## 4. ✅ Confirm the Order

Review your Take Profit level and submit the order.

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**⚠️ Important:**

* Locks in profits at your target price but may miss further gains if the market continues to move favorably.
* Always align your Take Profit with your overall strategy and risk tolerance.
* Trading involves risk—only invest what you can afford to lose.