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What is a take-profit order?
What is a take-profit order?
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Written by Primex Finance
Updated over a week ago

A take-profit order is a trading instruction given by a trader to automatically sell an asset when its price reaches a certain predetermined profitable level. It is the opposite of a stop-loss order, as it is designed to secure profits rather than limit losses. When the digital asset's price reaches or exceeds the specified take-profit level, the order is triggered, and the trader's position is automatically closed, locking in the desired profit. Take-profit orders are used by traders to capitalize on favorable price movements and ensure that profits are captured before the market potentially reverses. The take-profit condition can be set together with stop-loss when opening or modifying a position.


NOTE: In Primex, a take-profit is executed when a position asset’s price increases to the level pre-set by the Trader or higher. The trigger for execution is the price on DEXs, not the oracle price.

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