What is “Take-Profit”?
What is “Take-Profit”?
Investors set an increase rate according to the latest price, the system will place an order automatically after the condition is triggered. It can be used to lock in profit when your option holdings rise.
Instruction
When you believe that your option holdings have upside potential, and hope to lock in profits after reaching a certain increase. You may set the conditions through “Smart Order” - “Take-Profit” to sell an option based on the % of increase.
Let's look at the steps:
STEP 1 Select option
Enter the option for “Take-Profit”.
STEP 2 Set a conditional point
Input the % of increase which should be the psychological expectation of increase rate, and the system will calculate the price accordingly.
Fill in the appropriate % of increase based on your analysis of an option. When the option price rises to a specified range, the sell order will be triggered.
*The increase rate should not be too small as the transaction costs needed to be considered and a profitable value should be set.
STEP 3 Set the condition
Set the Price and Quantity.
STEP 4 Select effective time and place order
For the valid date, same day/ 2 days/ 3 days/ 1 week/ 2 weeks/ 30 days/ 60 days/ 90 days are available, and can be extended by changing the order.
Click unlock to trade and submit order. The submitted order can be viewed under the smart order page, and the order can be modified as needed.
*You are not allowed to modify if the “Take-Profit” order has been triggered, but you may cancel the order and place another order again.
Order valid date
Same day/ 2 days/ 3 days/ 1 week/ 2 weeks/ 30 days/ 60 days/ 90 days are available, and can be extended by changing the order.
