Take Profit
What is Take Profit
A Take Profit order is an advanced trading tool that enables traders to set a predefined price level at which to secure profits from an open position. When combined with stop-loss orders, it enables better trade management, helping optimize potential gains while controlling risk.
Walkthrough
In this example we will create a Take Profit order to sell BERA at a price of $5 when the mark price is around $0.6. To place Take Profit order navigate to Swap Page and select the Advanced tab, then open the TP sub-tab.
Set the Trigger Price to 5 or enter the gain percentage value, entering one automatically calculates and updates the other.
Click on Place order which opens the order summary pop-up. You must review the trade details carefully and accept the disclaimer to place your Take Profit order.
After clicking on Submit you will see the following transaction popup.
If this is the first time using this input token with advanced orders on Kodiak you will need to approve your input tokens for swapping.
After approvals, you will see another transaction to create the Take Profit order.
Once signed, You have successfully created the Take Profit order.
Order History
You can see all your created, pending, executed and cancelled orders, their status and manage them from the Orders button.
You can filter the order history using this dropdown.
We can see the latest order we created here.
Click on desired order to see its current execution status and order details. You can also cancel any pending orders from here.
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