@W3hunterHave you put much thought into profit targets for this...

  1. 4,142 Posts.
    lightbulb Created with Sketch. 520
    @W3hunter

    Have you put much thought into profit targets for this system?

    I've just noticed a chart that has a quick spike, up just over 50% then it breaks down and doesn't recover. Just got me thinking if it would be a good idea to sell 2/3 at 50% and let the rest run with the original stop. However if we have a chart like RAC, that leaves a lot of profit on the table!
    In this case selling at the next fib resistance is a good exit anyhow.

    Something to ponder, I might have to try and backtest something with profit targets...

    ASR example.
    https://hotcopper.com.au/data/attachments/6228/6228063-285a91a5cc9596a76a8a50d1496b17a2.jpg
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.