profits: targets or let them go?

Discussion in 'Trading' started by Gordon Gekko, Jun 6, 2002.

  1. just wondering what people are doing once they have a profitable trade. are you exiting at a pre-determined price? or are you trailing some type of stop until you get stopped out?
  2. I use targets.

    About 20-25% of the time, I'll hold on for a bit more (another 10-15cents in my case)

    If I don't don't get my price target the usual result is I get stopped out at my initial risk. Sometimes though, if the price is within say 5cents of my profit target but doesn't reach it, I'll stop myself out at break even.