There are two approaches to take profit

1. Active take profit: Active take profit is left-side trading, meaning that I believe we are close to the peak, so I reduce my position or close it entirely. For example, if the candlestick trend deviates too far from the moving average, or if the sentiment is too heated, there is a high probability of a pullback or a peak. The advantage of active take profit is that if you make the right judgment, you can capture all the profits. The downside is that if you are wrong, you may miss out on gains.

2. Passive take profit: Passive take profit is right-side trading, which means waiting for the market to break the upward trend before taking profit. How do you determine that the upward trend has been broken? For instance, if it breaks below a certain moving average, you believe the upward trend has ended and is about to turn into a downward trend, or if it breaks below a neckline. The advantage of passive take profit is that if the market moves significantly, you won't miss out. The downside is that most market movements are not significant, and often you can only catch it a little late.