Premium Only Content
What is a Take Profit Order?
In this short [What is a Take Profit Order?] video we'll be discussing a key tool in the world of trading - the Take Profit Order. A Take Profit Order is essentially an instruction given to your broker to automatically close your trade once it reaches a certain profit level. It's a great way to secure your profits and avoid potential losses in a volatile market.
With a Take Profit Order, you can set the profit level at which you want to close your trade and the trade will be executed automatically when it reaches that level. This is particularly useful for traders who are unable to monitor their trades at all times.
However, it's important to note that a Take Profit Order is not a guarantee and the market can still move against you. This is why having a solid risk management strategy is crucial in trading.
So, whether you're a beginner or an experienced trader, understanding and utilizing Take Profit Orders can greatly benefit your trading strategy. Make sure to like and subscribe for more informative content, and happy trading!
Please also Join us in the BeachBum Trading Community by Subscribing to the BeachBum Trading YouTube Channel at https://www.youtube.com/c/BeachBumTrading?sub_confirmation=1 and Please Click the Bell Icon so that You are Notified and Never Miss an Episode of BeachBum Trading. All for FREE.
RELATED VIDEOS
----------------------------------------------------------------------------
What is a Stop Loss Order? https://youtube.com/shorts/uHDQgoFnLcU
Stop Losses with Low Float Stocks | Lesson Learned https://youtube.com/shorts/PfOxuTHXKNM
How Tight are Your Stops? https://youtu.be/WOKXDRMPH64
What is a Stop Limit Order? https://youtube.com/shorts/6hsl0bFamGA
How To Protect Your Profits with Stop Limit Orders in Webull #1 https://youtu.be/UHQa1MdvnIw
How To Protect Your Profits with Stop Limit Orders in ETRADE #1 https://youtu.be/-ArviN6LZIw
How to Create an Exit Plan in E*TRADE https://youtu.be/MCRSZzkqgfU
Stop Limit Orders Lessons Learned https://youtube.com/shorts/u9fWakQhTqM
Stop Limit Orders Lessons Learned | Lesson #2 https://youtube.com/shorts/50-fZn-BRjA
You may / Please see All of the BeachBum Trading videos in the [Beginner’s Guide to Trading] YouTube Playlist, All for FREE, at https://www.youtube.com/playlist?list=PLH_4RiO370FPYA5Cln3KP6QG4E8etG6Bk
Please find and Watch All of the BeachBum Trading Shorts videos, All for FREE, at https://www.youtube.com/@BeachBumTrading/shorts
TRADING TOOLS
----------------------------------------------------------------------------
️ Webull – Get FREE stocks with Webull https://bit.ly/3jKfvw5
️ E*TRADE – Use our link and we both get rewarded! https://bit.ly/3zP6rvB
️ FinViz https://bit.ly/3h7r8M3
️ ChartMill https://bit.ly/3By9g4X
️ TD Ameritrade thinkorswim® [TOS] https://www.tdameritrade.com/tools-and-platforms/thinkorswim/desktop.html
️ Seeking Alpha https://seekingalpha.com
️ Benzinga Pro https://benzinga.grsm.io/uuo07mioquxj
TRADING PLATFORMS
----------------------------------------------------------------------------
✅ Webull – Get FREE stocks with Webull https://bit.ly/3jKfvw5
✅ E*TRADE – Use our link and we both get rewarded! https://bit.ly/3zP6rvB
✅ Public Investing https://bit.ly/3M5eACK (Referral Code: MichaelSDeVries)
#takeprofit #stoplimit #stoplossorder
BeachBum Trading on Social Media
----------------------------------------------------------------------------
To See any Daily Changes to our Watch List(s), "Real Time Alerts" of our Buys, aggregated News on our current Positions, etc., … Please watch / keep an eye on the Comments section of this video, below, and/or … Please also Follow BeachBum Trading on:
Patreon at: https://www.patreon.com/BeachBumTrading
Discord at: https://discord.gg/BXTE6bdkmZ
Twitter at: https://twitter.com/BeachBmTrading
Pinterest at: https://www.pinterest.com/stocks1thevcf
Facebook at: https://www.facebook.com/profile.php?id=100054334621367
Facebook Group at: https://www.facebook.com/groups/434697884890399
Facebook Page at: https://www.facebook.com/Beach-Bum-Trading-110655101593103
Instagram at: https://www.instagram.com/beachbumtrading/
Reddit at: https://www.reddit.com/r/BeachBumTrading/
Please also Join Us in the [BeachBum Trading] Community [Discord Server] , for FREE, at https://discord.gg/BXTE6bdkmZ
Please also Visit the [BeachBum Trading] [Home Page] at http://BeachBmTrading.com
Please Help us be able to continue to produce frequent quality content to help You Learn How to Trade so that You may Achieve the Financial Freedom You Want and Deserve to be able live the BeachBum lifestyle and/or any kind of life that You would like to live! and get Access to our New BeachBum Trading Community Discord Server Now by Supporting BeachBum Trading via Patreon at https://www.patreon.com/BeachBumTrading
-
1:03:05
BeachBum Trading
1 day agoTop Swing Trading Stocks to Watch 👀 | 12/23 – 12/27/24 | SIRI TMF BDRY ULTY AMDY LAND MED MU & More
282 -
58:10
Kimberly Guilfoyle
16 hours agoAmerica is Back & The Future is Bright: A Year in Review | Ep. 183
97.4K57 -
3:03:27
vivafrei
21 hours agoEp. 242: Barnes is BACK AGAIN! Trump, Fani, J6, RFK, Chip Roy, USS Liberty AND MORE! Viva & Barnes
185K195 -
8:09:50
Dr Disrespect
19 hours ago🔴LIVE - DR DISRESPECT - MARVEL RIVALS - GOLD VANGUARD
206K33 -
1:15:00
Awaken With JP
18 hours agoMerry Christmas NOT Happy Holidays! Special - LIES Ep 71
245K205 -
1:42:21
The Quartering
20 hours agoTrump To INVADE Mexico, Take Back Panama Canal Too! NYC Human Torch & Matt Gaetz Report Drops!
183K111 -
2:23:15
Nerdrotic
19 hours ago $15.02 earnedA Very Merry Christmas | FNT Square Up - Nerdrotic Nooner 453
137K13 -
1:14:05
Tucker Carlson
19 hours ago“I’ll Win With or Without You,” Teamsters Union President Reveals Kamala Harris’s Famous Last Words
238K385 -
1:58:31
The Dilley Show
19 hours ago $37.24 earnedTrump Conquering Western Hemisphere? w/Author Brenden Dilley 12/23/2024
176K50 -
1:09:59
Geeks + Gamers
20 hours agoSonic 3 DESTROYS Mufasa And Disney, Naughty Dog Actress SLAMS Gamers Over Intergalactic
120K21