💰 How To Exit Trades and Set Profit Targets 📈
✅ Trade with our Trusted Broker Partner Trade Nation: http://www.financial-spread-betting.c...
🔴 Trading is Risky! 74 to 89% of retail investors lose money!
✅ Check our website: http://www.financial-spread-betting.com/
✅ Please like, subscribe & comment if you enjoyed - it helps a lot!
🚀 Maximize Profits with 7️⃣ Smart Trade Targets! In this video Mark discusses seven trade target ideas for better trade management and holding positions. Traders often struggle with when to exit their trades, and these strategies can help.
The first idea involves using the Average True Range (ATR) of the trading timeframe as a target.
Another approach is to set targets based on prior highs, lows, opens, and closes.
Key levels, including whole numbers and support/resistance levels, can also be used as targets.
The concept of X days or candles of movement helps set time-based targets.
Utilizing moving averages and oscillators for exits can remove emotion and provide clear signals.
Lastly, targeting the largest range candlestick or bar can signal potential exhaustion and a good exit point. Clear.
How To Exit Trades and Set Profit Targets http://www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! 7 Trade Target Ideas. Great one to hold on to those winning trades if you're struggling to hold on to them. Irrespective if you're day trading or swing trading it is often hard to know where to exit your trades. You want to backtesting this or at least eyeballing it - you want to look back at your trades and see how these would fit in. If you have a problem by cutting your trades too soon, then using a finite definite method is a good way of stopping this. This may not be profitable in the short-term but it will help you with discipline. Redoing.
How To Exit Trades and Set Profit Targets
1) ATR of the timeframe you are trading. ATR is average true range. This is very good from a day trading perspective.
2) Prior highs / lows / opens / closes
3) Key Levels / Whole Numbers / Support and Resistance Levels
4) X Days / Candles of Move
5) Moving average test
6) Oscillator - Overbought or Oversold
7) Largest range candlestick/bar
✅ Our channel sponsor for this month are Trade Nation meaning these guys are covering our costs of operation. We only accept reputable and properly regulated providers as sponsors. Please support us by trading with this provider. Trade Nation offer the popular MT4 platform as well as an easy-to-use web trading platform with fixed spreads.
Sign up with Trade Nation: http://www.financial-spread-betting.c...
📜 Disclaimer 📜
81.7% of retail investors lose money when trading CFDs and spread betting with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Related Videos
How to Manage a Winning Trade 🙂
• How to Manage a Winning Trade 🙂
Strategies for Scaling Out of Your Trades: How to Exit Winning Trades
• Strategies for Scaling Out of Your Trades:...
How to Hold on to Your Trading Winners 👍
• How to Hold on to Your Trading Winners 👍
How to Find the Optimum Profit Target per Trade 👊
• How to Find the Optimum Profit Target per ...
How To Exit Trades and Set Profit Targets 💡
• Video
Profit Target Ideas for Swing Traders 💡
• Profit Target Ideas for Swing Traders 💡
Take Profit Exit Trading Strategies and Ideas 💡
• Video
When to Extend Your Profit Targets ☝️
• When to Extend Your Profit Trade Targets ☝️