Stop loss and Profit Target
Setting stop loss and profit target depends whether it is for long term trade or short term trade.
For long term trade, can use MA to exit if price goes below 200 days MA. Profit target can be the intrinsic value of the stock.
For short term trade, can use the most recent low minus the ATR of the entry day. This will give a bit of buffer to avoid whipsaw. Profit target can be the recent high.
For long term trade, can use MA to exit if price goes below 200 days MA. Profit target can be the intrinsic value of the stock.
For short term trade, can use the most recent low minus the ATR of the entry day. This will give a bit of buffer to avoid whipsaw. Profit target can be the recent high.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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