Yes, you can take the profit on eToro whenever you decide. When your trade hits a point you’re satisfied with, you’ve got two ways to lock it in: close out manually or let a Take Profit order do the work for you. Closing it yourself means you stay in charge right up to the moment you click. A Take Profit order, on the other hand, hands the exit over to the platform or app once your price goal is reached.
Head to your Portfolio, find the trade you want to exit, and hit Close. You’ll see the choice to close the whole thing or just trim it down.
If you close part, the shares or contracts you keep stay open, and the cash from the piece you closed (profit included) drops into your available balance.
When you open a new trade (or edit an existing one), you can set a Take Profit level.
This tells eToro to automatically exit the trade if the price hits your chosen mark, capturing the profit for you.
Just note: TP covers the entire position. Partial TP? Not an option on eToro.
What I like about closing a trade manually is the freedom to decide exactly how much profit to take. A Take Profit, though, keeps me disciplined so I don’t overreach or miss my exit.
Want full control? Close all or part of your position yourself. Prefer to automate it? Set a TP and the platform will close it for you once you hit your target. Either way, you call the shots on when and how you lock in profits.
About Mike Druttman
