POLL: What is your Profit Target Strategy?

Discussion in 'Risk Management' started by rcanfiel, Oct 17, 2007.

What is your Profit Target Strategy?

  1. As part of scaling in/out

    5 vote(s)
  2. Options to lock in some profits

    2 vote(s)
  3. Variable profit targets - based on something like ATR

    5 vote(s)
  4. Fixed profit targets - usually same size

    8 vote(s)
  5. Mega Profit Target only - If a huge unexpected gain I don't want to lose

    1 vote(s)
  6. profit targets based on something like support/resistance

    12 vote(s)
  7. Get out if profitable after x minutes or right away

    4 vote(s)
  8. If I make enough profits that day, I quit trading

    2 vote(s)
  9. I don't use profit targets

    14 vote(s)
  10. If it hits a certain profit target, I reverse

    0 vote(s)
  1. What is your Profit Target Strategy?
  2. Question.

    If you don't use a profit target what might be some of the exits you might use? I could understand time, what are others?
  3. I use an ATR trailing stop as an exit.

    Profit targets work poorly for my system as it is a longterm trend following equities system.
  4. Though I should add that at a certain % profit, I do pyramid into the trade.

    But there is no scaling out. All positions in the same stock have a common exit.
  5. I exit on gut.

    You can use the price-volume action on an intra-day 1, 3, 5, and 15 minute candle chart to get a feel for the strength of the current run, or lack thereof. Better to take tiered profits on the run up then tiered losses on the way down (reverse if short).
  6. .