How do I set realistic profit targets for my trades

[EsperanzaWelch]

How do I set realistic profit targets for my trades

[DorianAbbott]

Sure! Here are three different ways to think about setting realistic profit targets for your trades:

[LaurelGraham]

**Know Your Market**: First off, get a good feel for the market you’re trading in. Look at historical data and see how much similar trades have moved in the past. This will give you a rough idea of what’s achievable. Don’t just go for the moon on every trade; aim for something reasonable based on what the market usually does.

[ViennaHarrison]

**Risk-Reward Ratio**: A solid way to set profit targets is to use a risk-reward ratio. For example, if you’re risking $100, maybe aim to make $200. This way, you’re not just hoping for a big win but also considering how much you’re willing to lose. It helps keep your expectations in check while still aiming for decent profits.