HappyRunner
Junior member
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I'm just a newbie so I've been googling this and came up with the rule of taking profit at 20% up and placing a stop loss at 7%. That's what I've been doing but I've also realised that 20% is a heck of a rise to realise in practice... I believe its anything longer than a day trade but less than an investment held for more than a few months.
Frankbert
Newbie
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The ideal timeframe for position trading is from a few weeks to several months, depending on the strength of the trend. I usually analyze weekly and daily charts to define the broader direction and key levels.
Entry points come from retracements or breakouts that align with that trend, often confirmed by momentum or volume shifts.
Exit points are based on predefined technical targets or trailing stops, allowing profits to run while limiting downside.
The focus is on catching major trend movements, not short-term fluctuations.
Entry points come from retracements or breakouts that align with that trend, often confirmed by momentum or volume shifts.
Exit points are based on predefined technical targets or trailing stops, allowing profits to run while limiting downside.
The focus is on catching major trend movements, not short-term fluctuations.
