Here's a breakdown to help you understand the concept of TP, SL, and Entry in trading.

These terms are crucial for managing your risk and defining your trading strategy. They are fundamental to taking a disciplined approach to the markets.

Entry refers to the price at which you decide to open a new trade. This is your starting point for a potential profit or loss.

TP stands for Take Profit. This is a predetermined price level where you will close your trade to secure your profits.

SL represents Stop Loss. This is a predetermined price level where you will close your trade to limit your potential losses.

Using TP and SL levels helps you to stay disciplined and avoid emotional trading decisions. They are essential tools for managing your risk effectively.