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Tradeplay
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  • The Basics Of Setting Stops And Targets 0 comments
    May 26, 2012 1:02 AM

    You should always use stops and targets, no matter what the expected holding timeframe. These are two major tenets of money management.

    The charts provide patterns that allow you to see areas of possible price support or price resistance. Those are good areas for stops and targets to be placed.

    Keep your routine simple and precise and repeat as many times as possible and your trading mindset and instincts will be sharp.

    These are the basics of stops and targets.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: Stops and Targets
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