Everything you need to know about ‘Take Profit’ - how to use Uphold’s new trading tool
The Uphold team has been working behind the scenes to build new tools to help you improve your trading experience. Introducing our newest trading feature, ‘Take Profit’.
It's a simple trading tool which can help you save time and better manage your portfolio.
How does it work?
Take Profit is a tool you can work into your exit strategy.
Take profit orders allow you to automatically sell an asset if its price goes up by the profit percentage you choose.
This means you can capitalize on potential market uptrends without having to monitor the asset’s every price movement - saving you time, and stress. Having a pre-planned trading strategy can also help mitigate some of the risks associated with emotional or impulsive trading.
How to use the ‘Take Profit’ feature:
- Tap option to ‘Take Profit’ when buying an asset
- Set the percentage increase in price at which you want to take profit
- Sit back and relax
‘Take Profit’ can help you take control of your portfolio as well as your time. Log in now to explore our newest trading tool. Want more from Uphold? Follow us on Twitter and Linkedin for more updates.
NOT FINANCIAL ADVICE
Please note that Uphold and its affiliates do not provide investment, tax, or legal advice. This message is for informational purposes only and takes no account of particular personal or market circumstances, and should not be relied upon as investment, tax, or legal advice. For investment, tax, or legal advice and before taking any action you should consult your own advisors. Note that digital assets such as cryptocurrencies present unique risks for investors. Please see our disclaimer regarding risks specific to holding digital assets before investing.