vTomb Logo

How to Find the Optimum Profit Target per Trade πŸ‘Š Video

Home
Home
βœ… Trade with our Sponsor Broker: Trade Nation http://www.financial-spread-betting.com/ccount/click.php?id=95
βœ… Please like, subscribe & comment if you enjoyed - it helps a lot!

Taking Profits: How to Set Trading Profit Targets. http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! We’ve previously looked at stop loss strategies, and these include strategies such as the trailing stop which are not simply to avoid loss on a bad trade, but also can lock in profit as the trade proceeds. Now it’s time to look at a different approach, and that is to identify a profit target that you want the trade to make, and which will give you a point at which you will close the trade for a profit.

Do You Set a Daily Profit Target or Profit Target Per Trade? Ideally, for most trades you will have a profit target, and of course it is necessary if you want to work out a risk-reward ratio, as you have to project how much your trade can win if it is a success. With some trades such as catching a trend it may be difficult to set a target ceiling, but these are probably better managed with a trailing stop. Still, it is important for you to have at least a certain minimum profit in mind when you enter a trade so that you can access its of profitability and viability.

The first way to set a profit target is to make it a multiple of your risk, say three times or five times your expected risk. It’s easy to see that this may not be the best way to set a target. After all, while you may expect from the chart that the price is more likely to go in one direction than another, with no real reason for the target level it becomes more like guesswork.

The second way of setting a target seems more sensible. The price based target takes into account the volatility of the market, and the average true range. The average true range tells you how much on average you can expect the price to change, and provided you have chosen a financial security that is moving in the direction you want, you can set the price target by simply multiplying the daily range by the number of days you expect the move to last.

You might want to have an adjustable price target, which you can update as you see how the trade unfolds. This is the price action target, and it involves looking at how the trade has developed, whether it is starting to hesitate, or powering onwards. The advantage of setting a target in this way is that you can take into account market sentiment as you go along, which may result in you gaining a greater profit.

In a similar way to the price action target, you can also apply some technical analysis to the chart to identify target levels. This might be done by stretching out a Fibonacci set of lines for the previous trend before the pullback, for example, or by simply saying you expect this phase of the trend to go 25% higher than the previous one. It comes down to personal preference and your trading style. If the price is already been at these levels in the past, you may even be able to identify some support and resistance levels to help you anticipate the current move.

Related Videos
How to Manage a Winning Trade πŸ™‚
https://www.youtube.com/watch?v=eUHt3zfd778
Strategies for Scaling Out of Your Trades: How to Exit Winning Trades
https://www.youtube.com/watch?v=fJOZnQBJJzY
How to Hold on to Your Trading Winners πŸ‘
https://www.youtube.com/watch?v=TiIlLvDEb9c

How to Find the Optimum Profit Target per Trade πŸ‘Š
https://www.youtube.com/watch?v=ZG2f1QGzx8g
How To Exit Trades and Set Profit Targets πŸ’‘
https://www.youtube.com/watch?v=9J6aMj285tQ
Profit Target Ideas for Swing Traders πŸ’‘
https://www.youtube.com/watch?v=HTKMzgTKJzw
Take Profit Exit Trading Strategies and Ideas πŸ’‘
https://www.youtube.com/watch?v=iafpMtJ6dFY
When to Extend Your Profit Targets ☝️
https://www.youtube.com/watch?v=uR6q8vQ7Xg8

What are Trailing Stops and How to Trade with Them? ☝️
https://www.youtube.com/watch?v=fE52K39OZDM
Forex Strategies: How To Use Trailing Stops πŸ‘
https://www.youtube.com/watch?v=2ACA2TbT95g

How to Use Stops and Limit Orders to Exit or Get into Trades πŸ‘
https://www.youtube.com/watch?v=AiHr1eUblUc
Great Tips on Where To Place Your Stop Loss!
https://www.youtube.com/watch?v=n7tXpiIoH08

Stop Loss Market Orders vs Stop Loss Limit Orders β˜‚οΈβœ‹
https://www.youtube.com/watch?v=1CD3DM594q0

How To Set A Stop Loss Based on Price Part 1 🏳️
https://www.youtube.com/watch?v=5T2anRAHrHA
How To Set A Stop Loss Based on a Time Limit Part 2 🏳️
https://www.youtube.com/watch?v=66EacThefj4
How To Set A Stop Loss Based On Price Volatility Part 3 🏳️
https://www.youtube.com/watch?v=9Yz3tzBJFbg
Stop Losses: How to Use Trailing Stops Part 4 🏳️
https://www.youtube.com/watch?v=OdW3IPhxaYA

3 Alternatives to Utilising Stop Loss Orders πŸ‘
https://www.youtube.com/watch?v=Vvb0i0xw2bQ
Using a Hard Stop in your Trading? β˜‚οΈβœ‹
https://www.youtube.com/watch?v=15KZVzquc_g
150 chances to become an millionaire

150 chances to become an millionaire

wildsbet.com

#big wins#winners#games#casinos

About the Site 🌐

This site provides links to random videos hosted at YouTube, with the emphasis on random. πŸŽ₯

Origins of the Idea 🌱

The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠

Challenges Faced πŸ€”

Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.

Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. πŸ”

Creating Truly Random Links πŸ› οΈ

The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.

About YouTube πŸ“Ί

YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟

Content and Users 🎡

Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.

While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.

Monetization and Impact πŸ€‘

YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.

As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. πŸ“ˆ

List of ours generators⚑

Random YouTube Videos Generator

Random Film and Animation Video Generator

Random Autos and Vehicles Video Generator

Random Music Video Generator

Random Pets and Animals Video Generator

Random Sports Video Generator

Random Travel and Events Video Generator

Random Gaming Video Generator

Random People and Blogs Video Generator

Random Comedy Video Generator

Random Entertainment Video Generator

Random News and Politics Video Generator

Random Howto and Style Video Generator

Random Education Video Generator

Random Science and Technology Video Generator

Random Nonprofits and Activism Video Generator

By using our services, you agree to our Privacy Policy.
Alternative random YouTube videos generator: YouTuBeRandom
vTomb Β© 2024
By using our services, you agree to our Privacy Policy.
OK