BRVX Glossary · Take-profit · Updated September 24, 2026
A take-profit is an order that closes a position automatically when the price reaches a target level, locking in the gain without the trader having to watch the market. For a long it sits above the entry price, for a short below it.
The formula
Long: target above entry Short: target below entry
The order waits at your target and closes the position when the price gets there.
How it works
- Set Target price
- Price reaches it Order triggers
- Closed Gain locked in
Try it on SOL/USDT
Live SOL/USDT tariff. Simplified estimate: opening fee included, closing fee and funding not.
PnL at this move +30 USDT
- On your margin
- +30%
- Position size
- 500 USDT
- Move against you to liquidation
- 15.85%
Leverage works both ways: a small move against you can lose you the whole margin.
Take-profit and stop-loss together
A take-profit is usually set with a stop-loss. Together they define the trade before it is opened: the most it can make at the target and the most it should lose at the stop.
The ratio between the two distances is the reward-to-risk ratio. A target 6% away with a stop 2% away is 3:1 — the trade needs to work only one time in four to break even, before costs.
Reward-to-risk and break-even win rate
| Reward : risk | Win rate to break even (before costs) |
|---|---|
| 1 : 1 | 50% |
| 2 : 1 | 33% |
| 3 : 1 | 25% |
Costs move the target
Fees and funding come out of the gain. On a 1,000 USDT ETH/USDT position on BRVX, opening and closing cost 1.6 USDT in total, and holding a long for a day adds about 3.84 USDT in funding at the current rate. A target that is only just past the entry may not cover those.
Questions about Take-profit
Is a take-profit a limit order?
Usually. Most venues execute a take-profit as a limit or market order once the target is touched; the exact behaviour depends on the venue.
Can a take-profit miss?
Yes. If the price touches the target briefly, a limit order at that level may not fill completely.
Where should a take-profit go?
Where the trade idea expects the move to end, checked against the stop so the reward-to-risk ratio makes sense.
Take-profit: next steps on BRVX
Take-profit on SOL/USDT: market orders with TP / SL triggers only, 0.08% per side, 0.16% a round trip, up to 150x.
Read next: Swing trading, Stop-loss and PnL (profit and loss).
Leverage works both ways: a small move against you can lose you the whole margin.
Open SOL/USDT in the app
Open appLeverage raises both gains and losses. Start with a size you are comfortable with. Not available to US persons.