Importance of Planning Profit Targets | SmartPip Blog Talk | Forum

 
You must be logged in to post Login Register


Register? | Lost Your Password?

Search Forums:


 






Minimum search word length is 4 characters – Maximum search word length is 84 characters
Wildcard Usage:
*  matches any number of characters    %  matches exactly one character

Importance of Planning Profit Targets
Read original blog post

UserPost

11:35 am
February 21, 2012


FXChris

South Florida, USA

Admin

posts 80

http://SmartPip.com/ Couple updates… Just added some new free Forex video excerpts of the live SmartPip Forex room to the site come check them out here.

Today though we found ourselves with some time to kill awaiting a pullback, and we thought why not just hit the record button & create an off the cuff Forex Lesson covering the scenario we found ourselves for later use. Today's lesson is about the Importance of Planning Profit Targets, you can play it below.

I will be adding these lessons as they occur onto the site here if you wish to reference later. As for the content remember they are done on the fly & unplanned. Also, well, please be aware I can certainly sometimes be a bit of a smart a$$ but, that’s just who I am.
_______________________________________________________
Forex Lessons Video – The Importance of Planning Profit Targets – Feb 21st, 2012
Scenario – After wrapping up pre-London scalps we took in the live class, we discuss our plans for London continuation. This can be a problem for many traders who know planning an entry/risk/stop is important. Yet you would be amazed how many do not plan profit taking or scaling levels, or management criteria prior to taking trades. So while it was clear we had a good 30 minutes or more before our London open entry arrives, this seemed like a great time for an on the fly lesson, on the Importance of Planning Profit Targets.

Should you try an hold on or scalp that profit & await the re-entry when the London money comes in? That's the tough question right?! In this video we discuss the logic behind it as well as going through some of the trader psychology processes we go through as traders when we do not plan profit targets. Keep in mind this lesson was unplanned and off the cuff.

Want to learn to plan your trades completely every day and see lessons like this as time permits live? We do daily pre-European Forex Market Analysis and trade planning in complete detail, these free clips are just random excerpts to give you an idea of some of what we do in our live class. Come join us!, Hope to see you guys at http://SmartPip.com/

@FXChris
@SmartPip


Read original blog post

FXChris

12:55 pm
October 13, 2012


Binu Francis

Member

posts 3

I found forexmetal to be much more intuitive than other site.. What say people?

3:14 am
February 13, 2013


Enamul Huq

New Member

posts 1

 

Hi friend, I am newbie in this forum. I want to learn forex trading well and want to share my trading experience here. I believe I can make a good friendship with all of you

4:11 pm
August 19, 2014


Muhammad Perkins

Member

posts 39

Planning is the most important thing in Forex as if someone go without having a plan would be just putting himself into trouble and also a business like Forex which is extremely fast it would be a disaster to have making decision in those situation so thats why if we are to succeed than planning first is necessary.

10:13 am
June 14, 2015


Amanda Smith

Member

posts 20

Success will never come until and unless you have an effective trading plan and a plan of profit targets. While trading with CToption broker, I always try to make balance of funds by controlling my greed and making trades with strongly following money management system.

THANKS


About the S M A R T P I P . C O M Forum

Forum Timezone: UTC -5

Most Users Ever Online: 18

Currently Online:
1 Guest

Currently Browsing this Topic:
1 Guest

Forum Stats:

Groups: 4
Forums: 6
Topics: 501
Posts: 777

Membership:

There are 5760 Members

There is 1 Admin

Top Posters:

Andrews Mentro – 126
Liz Gilbert – 91
Dirk Wellham – 81
Peter Toohey – 46
Jamal Mia – 42
Muhammad Perkins – 39

Recent New Members: Marcus North, Shaun Graf, Mumin Elmas, Greg Sharpe, Dirk Wellham, nazarudin nasib

Administrators: FXChris (80 Posts)