Take profit market
What it does: when the target (trigger) price is reached, submits a market order to take profit immediately.
Typical use: locking gains reliably on momentum spikes where speed matters.
Key parameters: trigger price and quantity (plus reduce-only where applicable).
Tradeoff: high execution certainty, but realized price can vary due to slippage.
Example: long btc-usdc at 60,000; set take profit market trigger at 61,200; when price trades at or above 61,200, a market sell is submitted to realize profit.
Updated 26 days ago
