Take Profit Mastery:
The Art of the Exit
Learn why the most successful traders on Try Paper Trade aren't those with the highest win rate, they are those with the smallest average losses.
The Art of the Exit: What is Take Profit?
In trading, "Paper Profits" are just numbers on a screen until you hit the exit. A Take Profit (TP) order is your pre-planned instruction to the market:"Close my position once this specific growth target is achieved."On Try Paper Trade, we emphasize the "Set and Forget" approach. By defining your exit the moment you enter, you remove the two biggest enemies of a trader: Greed and Indecision.
Why Professionals Don't "Wait and See"
Amateurs hope the price goes "to the moon." Professionals know exactly where they are getting off the bus.
Eliminate Greed
Prevents you from holding a winning trade too long, only to watch it reverse.
Consistency
Turns trading from a 'guessing game' into a repeatable business process.
Compound Growth
Regularly booking targets allows you to reallocate capital to new setups.
Four Strategic Ways to Secure Gains
Setting a target isn't about picking a random number; it's about reading the market's "ceiling."
Structure-Based
Place your TP just below a known resistance zone or previous high.
Fibonacci Targets
Use the 1.618 extension level to find hidden natural exit points.
Fixed Risk-Reward
Set your TP at exactly 2x or 3x your risk (e.g., Risk ₹10 to gain ₹20).
Time-Based Exit
Close the trade at the end of the day, regardless of the price.
The Power of "Scaling Out"
One of the best ways to manage a winning trade is not to close it all at once. Professional traders often use Partial Profits.
1Target 1
Close 50% of the position to cover your risk and move your Stop Loss to "Break Even." Now you have a "Risk-Free" trade.
2Target 2
Leave the remaining 50% to "run" with a Trailing Stop to capture a massive trend without any fear of loss.
Why You're Leaving Money on the Table
Common traps that prevent traders from actually banking their wins.
The 'Penny Short' Mistake
Don't place TP exactly on round numbers (like ₹500.00). Use ₹498.50 to get filled before institutional selling.
Exit Envy
Feeling bad when price keeps going up after you sell. Remember: No one ever went bankrupt taking a profit.
Manual Interference
Canceling your TP because you 'feel' more room. Trust your pre-trade analysis, not your adrenaline.
Master Your Exits today. The hardest part of trading isn't finding a good stock—it's knowing when to walk away.