Taking Profits

Taking ProfitsLesson 1 of 104 min read

Targets, not entries

Where the course stands now, and what this module settles: the price a winning trade closes at, and nothing else.

Everything you need to open a trade is now written down. This module decides where it closes.

The strategy is assembled

The direction, the entry models, the written plan and the risk numbers are all in place.

Nothing further has to be added before a trade can be taken. What is left are the two prices sitting either side of the entry: where the trade ends in profit, and where it ends in loss.

The framework is finished. These are the last two prices to fill in.

This module is targets only

Where you take profit is decided here. Where the stop goes is the module after this one.

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