Guys, without setting your profit target before entering the trade, trading will be like driving a car without brakes or GPS 😅
The target profit keeps you committed to your strategy and helps you avoid emotional decisions that could waste your effort.
📍 What does target profit mean?
The target profit is a profit level you set before the trade, saying at that point: “I will close and secure the profit.”
Whoever works with a clear plan knows when to exit a trade and focuses on the next one.
📍 Why is it important?
✅ Keeps you committed to your plan and away from emotions.
✅ Organizes and clarifies your profits.
✅ Helps you manage risks and know before entering a trade what will happen in the worst and best scenarios.
📍 How to determine the target profit?
1️⃣ Analyze the market: Look at its trends, support, resistance, indicators.
2️⃣ Set your financial goals: Everyone has their own financial situation and goals, be realistic.
3️⃣ Know your risk capacity: Set your target profit level according to your capital and risk tolerance.
📍 Simple practical example:
If the NASDAQ 100 index is at 11,500 points and you set a profit target of +5%, then your target is 12,075 points.
And also set a stop-loss of -3% at 11,155 points to protect yourself if the market goes against you.
The result? A clear plan, calculated risk, and a cool mind away from impulsiveness 👌
📍 Target profit and profit-taking orders:
Target profit = the plan you set.
Profit-taking orders = automatic execution of the plan on the platform.
💡 Summary:
Whoever sets a target profit + profit-taking + stop-loss = protects themselves, maintains their money, and earns in the long run 🚀
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