Take Profit: Setting Profit Targets 🏴

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✅ Please like, subscribe & comment if you enjoyed - it helps a lot!

1) outside-in - we have already made a move and want to get back to some prior area i.e. mean reversion. (using say, a moving average or VWAP indicator..etc)
2) inside-out - inside out is a trade that you're taking on a continuation i.e. we are extending that move

Fixed Profit Target or Let Profits Run?
Targets are going to depends on which type of trade you're taking - what your strategy and setup are..etc Let's say you're taking an inside-out trade - i.e. a trade where you're looking for an explosion, a move to the upside or continuation. How are we going to use trade targets for that. The obvious one would be prior highs. Another way is to look at whole numbers. Even another way is to trade it with a moving average and let it run as far as possible. Another way to look at it is to try extrapolating what happened in the past... If you're day trading and you're on the end of a good strong move, wait for the close.

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ukspreadbetting
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Best tip: "let it run"... I usually set a target and later notice it could have gone 3x... thx for the vid!

RodrigoBoosBR
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EXCELLENT INFORMATION AND ANALYSIS...KEEP UP THE GOOD WORK THANK YOU

orapronobis
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Your videos are spot on keep up the good work

DavidBurroughes
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your videos help a I am more of a moving average user--letting it "run run run"....and I seek help from a fast moving average, like the Hull MA, to determine the point when I exit. I am more of a "visual" "eyeball" type of person.

kikowhitney
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Discussing profit targets imply price action that hasn't resolved yet. It would be considerably more instructive (i.e. "better optics") if you were able to illustrate/work with the right edge of charts, instead of cherry-picked back-tests where all of the price movement is already laid out to the viewer to the right of your reference point. Obviously no live trading happens when you see all the future price action on the chart already.

ranger
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Can u do a video on ways to enter the market on lower time frame when swing trading

lameslame
visit shbcf.ru