Profit target?

Dec 23, 2020 at 12:18
1,487 Views
33 Replies
Member Since Jul 19, 2020   298 posts
Dec 23, 2020 at 12:18
Actually everyone's expectation is different. Understanding, knowledge and strategy are also different. Yes 10 to 20 pips per day can be good enough if you can consistently make it. And when your target is 10 pips daily you may be need to increase your lot size. Hence risk comes. You have to be skilled and disciplined.
Member Since Jul 23, 2020   869 posts
Dec 23, 2020 at 17:38
Set TP according your risk reward ratio. I use minimum 1:2 risk reward and set TP according to that ratio.
Member Since Jun 05, 2020   4 posts
Dec 23, 2020 at 19:33
Just follow your ATR
Member Since Jul 20, 2020   298 posts
Dec 24, 2020 at 01:23
I trade monthly with a target of 200 pips. If you do not meet the target, then think of moving forward with a positive mindset.
Member Since Oct 30, 2020   3 posts
Dec 31, 2020 at 07:26
My target always is 10 to 15 pips. Can’t afford big losses at this time in my life.
Member Since Feb 24, 2020   4 posts
Dec 31, 2020 at 12:26
My projected expectations are about 40-60 pips per trade. It is convenient for me to trade in this way. This is my trading strategy.
Member Since Oct 18, 2018   5 posts
Dec 31, 2020 at 23:15
I'm an intraday/ intraweek trend trader. My ratio is 1:1.75. I've found I miss out on 1:1.5 and 2:1 I break even more than I would like. The 2 latter mess with my Psych in my trading system, so I stick with 1.75. Hopefully, this helps. Happy New Years and Cheers!
Seek first to understand, then be understood.
Member Since Jul 19, 2020   788 posts
Jan 01, 2021 at 01:28
In addition to creating a strategy, it is important to focus on profit targets. If there is no target for profit, then this kind of mentality can be a problem.
Member Since Jul 20, 2020   298 posts
Jan 01, 2021 at 01:52
If there is a target for anything, it becomes easy to achieve that thing. Therefore, it is essential to have a profit target in trading.
Member Since Jul 23, 2020   759 posts
Jan 01, 2021 at 16:48
My profit target varies on market condition and strategy. I have no fixed TP.
Member Since Oct 26, 2020   29 posts
Jan 21, 2021 at 09:39
You are right to point out the risk factor associated with increasing the lot size. This is something newbies should be aware of.
Member Since Jan 22, 2021   125 posts
Mar 09, 2021 at 10:43
Trading for 20 pips is sufficient for me with a few hours of brainstorming sessions on forex trading. I keep in mind that my greed must not eat my earnings. I close the trades and rest.
Member Since Jul 27, 2020   81 posts
Mar 31, 2021 at 07:23
This is a good option for avoiding risks and minimizing losses.
Member Since Jul 19, 2020   751 posts
Mar 31, 2021 at 14:36
Most traders have unrealistic profit target. Market moves all the time doesn't mean you can have absurd target. Our target should match our trading ability.
Member Since Jul 19, 2020   788 posts
Mar 31, 2021 at 17:51
Anything should have a goal. Trading will be much easier if the goal is managed properly. It is very important to have a profit target in similar trading. If the profit target is not set properly, some uncontrolled trading takes place.
Member Since Sep 22, 2018   70 posts
Apr 01, 2021 at 09:39
minimum should be 1:3 RR
Member Since Mar 16, 2021   477 posts
Jul 25, 2021 at 12:35
Achieving is easy if you have a target in anything. The same goes for trading. If you can trade with the right knowledge and set goals, it will be much easier to make a profit.
Member Since Jul 20, 2020   399 posts
Jul 25, 2021 at 15:30
TP is so key. For me it is related to my risk to reward. A proper trading plan is so vital.
Member Since Sep 12, 2017   238 posts
Jul 26, 2021 at 06:30
i belive TP is as per the market movement, 5-10 on a big lot can be very good without a doubt. but sometime 2-3 pips would do the trick as well
Member Since Jul 19, 2020   751 posts
Aug 01, 2021 at 17:39
Profit target should depends on your strategy. But it should not flactuate too much. It is bad for your psychology. You becomes indicisive about target. We need to be disciplined.
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