A take profit order is an order to sell a security when its market price reaches a certain price above its purchase price. If you own a security in your portfolio and would like to add a take profit, you can do so by placing a take profit conditional order from the Trade menu option. A take profit order can also be added using the slider menu option available on the Holdings screen as explained below.
To place a take profit order using Trade menu, tap on the Trade option in the bottom navigation bar and search for the stock code to which you would like to add the take profit order.
Select the stock code from the search results, this would take you to the order pad.
Select the Sell option and switch on the toggle button labelled Conditional Order, the Take profit option will become visible.
Select the Take profit option to change this to a take profit order. In the trigger price field, input the desired take profit price level and continue with the rest of the order placement steps.
To place a take profit order from Holdings screen, tap on the Portfolio option in the bottom navigation bar and choose the trading account that holds the desired security code, this will take you to the Holdings screen.
On this screen, tap on the desired security code to view sliding menu at the bottom of the screen. From this menu, select the option Set up Take Profit Order.
This will take you to the order pad with take profit option automatically pre-selected. Input the desired trigger price and continue with the rest of the order placement steps.