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Profit targeting

Gririns
Oct 05 2021 at 19:22
8 postów
I don't know how about you, guys, but I don't set a profit target at the same number of pips. I prefer using S&R levels to determine them and also I have to take into account risk/reward ratio. I don't really understand how people set the same take profits in 20 pips or something like that. Each deal implies different number of pips and I can't imagine how it can be fixed whatever happens.

RobSchiz
Oct 06 2021 at 19:55
567 postów
Gririns posted:
I don't know how about you, guys, but I don't set a profit target at the same number of pips. I prefer using S&R levels to determine them and also I have to take into account risk/reward ratio. I don't really understand how people set the same take profits in 20 pips or something like that. Each deal implies different number of pips and I can't imagine how it can be fixed whatever happens.

You can not trade here by fixing your profit margin.

SteveHanks
Nov 24 2021 at 20:20
536 postów
RobSchiz posted:
Gririns posted:
I don't know how about you, guys, but I don't set a profit target at the same number of pips. I prefer using S&R levels to determine them and also I have to take into account risk/reward ratio. I don't really understand how people set the same take profits in 20 pips or something like that. Each deal implies different number of pips and I can't imagine how it can be fixed whatever happens.

You can not trade here by fixing your profit margin.

But A trader can boost himself by setting a profit margin.

Seb King (sebking1986)
Nov 29 2021 at 12:17
362 postów
I don't target an amount per month or year. Just take what the market presents me.

If you can't spot the liquidity then you are the liquidity.
croisssan
Nov 29 2021 at 17:54
939 postów
It should be understood that profit in trading is not easy to get. You need to be prepared for this.

kroxobor
Dec 01 2021 at 06:51
34 postów
Setting a profit target is important to restrict yourself from over trading. It psychologically sets a limit. Everytime I reach my profit target it reminds me that I’ve reached my goal and I should now focus on protecting my profits instead of losing it by opening unnecessary positions.

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