Profit requirements
As with stop loss should I be looking for a rigid percentage requirement? I need to decide and stick to this before I enter each trade which I will do via trailing stop but should there be variation based on likely stock movement?
Maximum open positions at any one time is 3 so even there that would allow one share to have 2% PR and another 4%. In theory I could have three as modest as 1%. At 1% though this has implications for stop-loss.
However my technical analysis is based on predicting likely upward swing not on how big that swing is. Certainly needs to be developed and revisited overtime.
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