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.
Oct 06 2021 at 19:55
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.
Nov 24 2021 at 20:20
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.
Nov 29 2021 at 12:17
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.
Nov 29 2021 at 17:54
It should be understood that profit in trading is not easy to get. You need to be prepared for this.
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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