QUESTION:

Hello Paul, I hope you are well.

Paul, could you send me an email explaining how you choose profit targets etc ….

I very much understand when and why I am getting into positions but a little lost with regards to where my target/ targets should be. Could you please explain ?

Thanks , Ofir.

ANSWER:

Ofir,

Getting in is the biggest part so you should feel good about that. Targets are difficult to assess. You have to determine almost intuitively where you think the price level might be based on why they market is moving. After you have traded momentum for awhile you should begin to get a feeling when you have reached the end of the line. That probably doesn’t help much in terms of predicting before a trade. The only thing you can do is look at previous price levels and make educated guesses.

Hope that helps some,

Paul

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