You can take profits on eToro without fully closing your position by using the platform's partial close feature.
Here's how to do it:
This feature has helped me lock in profits while keeping a position open when I thought there was still room for more. Based on experience, here are a few quick tips to keep in mind:
- Take Profit Orders: The TP feature automatically closes a trade at a specified price level to secure profits. However, TP orders apply to the entire position and cannot be set for just a portion of it.
- Manual Monitoring: Since partial TP orders aren't available, you'll need to monitor your positions and manually execute partial closes when your profit targets are met.
- Market Conditions: Be aware that in volatile markets, the execution price may differ from the expected price due to rapid price movements.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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