When swing trading in the equity market (3 - 7 days), where do you set your profit target for calculating reward-to-risk ratio? When determining my entry action, I set my entry price target at .25 above previous day's resistance and stop-loss at .125 below previous day's support. I would expect to set profit target at strongest level of support within the last 1-2 weeks for a swing trade like this. However, I would like to know if this is the most optimal procedure. Your thoughts are appreciated. Thanks. Needless to say, I am a novice.