Stocks for Breakfast | Exact Profit Targets
The biggest mistake I see struggling traders make is going for home runs.
It's exciting to talk about big winners. But big winners brings big swings to your P&L and wreaks havoc on your confidence.
Exiting winning trades is the grand mystery for stock traders. We all can find entries. We all can find the stop loss. But where to get out of the winners is the mystery.
In today's episode of Stocks for Breakfast we discuss volatility, order flow, tape reading and finding the perfect exit.
We discuss win rate, and risk amount. And how that risk amount becomes the foundation for your profit target.
After you watch this trading lesson, exiting your profitable trades will become the easiest part of your trading.