How to Set Profit Targets in Trading
Once you are in a trade the next you plan to exit: How and when do you get out of the trade at a profit? Setting targets has to be one of the most important elements of your trading strategy.
Targets can be of 3 types
Time-based—I will hold my Positions for a X amount of time Say 1 week depending on the type of trader/Investor.
Technically-based – You get your targets technically set up. You can use Pivots, Exponetioanl Moving Average, and MA or based on your trading system.
Price/Profit-based –I’ll get …
Read the full story »
Targets can be of 3 types
Time-based—I will hold my Positions for a X amount of time Say 1 week depending on the type of trader/Investor.
Technically-based – You get your targets technically set up. You can use Pivots, Exponetioanl Moving Average, and MA or based on your trading system.
Price/Profit-based –I’ll get …
Read the full story »
posted by Bramesh at
3:20 PM
0 Comments:
Post a Comment
Note: Only a member of this blog may post a comment.
Subscribe to Post Comments [Atom]
<< Home