Per Trade Profit Target - Day Trading Money Management Technique
Per Trade Profit Target - Introduction When a trader first starts out in their day trading activities, they will usually start out with little or no idea of their trading style. The trader will enter the market with no fear and will achieve moderate success. Then the unthinkable happens. The trader is slapped with their first major hit. This setback will discourage the trader and will ultimately force them into analytical mode to figure out why they took such a hit. This cycle of small wins, small losses, and more analysis will go on until the trader is either out of money, or comes up with sound money management techniques. ...
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