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POLL: What is your Profit Target Strategy?
- Thread starter rcanfiel
- Start date
I use an ATR trailing stop as an exit.
Profit targets work poorly for my system as it is a longterm trend following equities system.
Profit targets work poorly for my system as it is a longterm trend following equities system.
Though I should add that at a certain % profit, I do pyramid into the trade.
But there is no scaling out. All positions in the same stock have a common exit.
But there is no scaling out. All positions in the same stock have a common exit.
I exit on gut.
You can use the price-volume action on an intra-day 1, 3, 5, and 15 minute candle chart to get a feel for the strength of the current run, or lack thereof. Better to take tiered profits on the run up then tiered losses on the way down (reverse if short).
You can use the price-volume action on an intra-day 1, 3, 5, and 15 minute candle chart to get a feel for the strength of the current run, or lack thereof. Better to take tiered profits on the run up then tiered losses on the way down (reverse if short).