How to Set Profit Targets in Trading

Once you are in a trade the question quickly rears its head:

How and when do you get out of the trade at a profit?

Setting targets has to be one of the most important elements of your trading strategy.

1. Targets can be time-based ("I'll stay in the trade for three weeks")

2. Technically-based Depending on Your Trading System

3. Profit-based ("I'll get out when I have an open profit of  50K INR)

4. Price-based ("I'll get out of the trade when it reaches a certain price.")

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Rgds,
Bramesh
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http://www.brameshtechanalysis.com/

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