Glossary
What is Take Profit?
An automated order that sells your position when the price rises to a specified profit target, guaranteeing you capture gains at your desired level.
Take profit is an automated sell order that executes when your position reaches a specified profit percentage. It guarantees you lock in gains at your target level rather than risking a reversal.
How Take Profit Works
- •You buy a token at a certain price
- •You set a take profit percentage (e.g., +50%)
- •When the price rises 50% above your entry, the system automatically sells
- •Your profit is locked in at your target
Example
- •Entry price: $1.00
- •Take profit: +100% (double)
- •Trigger price: $2.00
- •When the token hits $2.00, it's sold automatically for a 100% gain
When to Use Take Profit
- •Known catalysts — If you expect a specific price target (e.g., token launch, listing)
- •Quick flips — For short-term trades where you want to capture a fast gain
- •Disciplined exits — Removes the "should I hold longer?" decision
Take Profit vs. Trailing Stop
Take profit exits at a fixed target. Trailing stop lets profits run further but may exit at a lower level if there's a pullback. Many traders use both:
- •Trailing stop catches the upside if the price runs past your target
- •Take profit guarantees you don't miss your target if the price reverses quickly
In SOL Wallet Shadow
Configure take profit on any position. Combined with stop loss and trailing stop, you get complete automated exit coverage — downside protection, trend following, and target exits.