I Decoded The Take Profit Algorithm In Trading (Best EXIT Strategies)
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- Опубликовано: 13 сен 2024
- This is the ultimate take profit guide in trading. Let's delve into the fascinating world of take profit strategies and uncover the secrets to maximizing your profits in day trading.
Take profit orders are crucial for locking in gains and ensuring that you capitalize on favorable market movements. Understanding how to set effective take profit levels and implementing the best strategies can significantly impact your trading success.
In this video, we demystify the take profit algorithm and provide you with actionable insights to enhance your trading performance.
Discover the most effective ways to determine optimal take profit levels based on market conditions, risk tolerance, and your trading goals.
Learn how to set trailing stops, use technical indicators, and leverage supply and demand or key support and resistance levels to fine-tune your take profit strategy.
With real-life examples and step-by-step guidance, we break down the best take profit strategies used by professional traders. Unleash the power of precision timing and gain confidence in your ability to exit trades at the right moment.
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I realy wish I had more info about ATR and ADR. would you cover those topics?
Liked before watching for TSM!
👍Legends
You do a fantastic job with these. You have found your niche.
He's been doing this for years, he found his niche ages ago.
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Marius I usually Exit when VSA indicates Yellow Spikes or a huge Red Spike , It's the more accurate or previous Swing as per price action, it's more accurate most of the times ❤
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Multiple profit targets is really a game changer for me. I get stopped out a lot at breakeven, but I'm not losing a lot of trades. 💪
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BE trades can be considered as losing trades, just because of fee you pay, but then you can get an idea of average loss per number of trades and compare it with average wins there is your average RR.
I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest
Very interesting content! Thank you!
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A great video as usually!!! thanks! Especially insights about scaling positions/profit🥳
About TS order: the only thing you have not mentioned about the risks of TS order use - trailing order will rarely work ( or at least it wont work for crypto) in a long-term view. Because even in you video when you showed trailing price chart example - there were enough areas where price drops enough your trailing order at the very beginning. I assume trailing order will be beneficial only with the very very very stable asset -> but then your Ts order not give you any significant profit.
As you mentioned in a lot of your videos - smart money always challenge retailers and make these sudden stop loss hunting actions : like it was strong uptrend but then huge price drop fake break-out down and then come back into the uptrend - these cases are very often and TS order wont work there. OCO order is much better and stable way I would think even it's manual for scaling you profits.
👍Good points
I love your videos and I am a paid subscriber to your site. I have a question: does it make sense to set stop losses based in the ATR, and how would you do it? I have read that some traders use a stop less than the ATR, but I imagine that may stop you out to soon and too often. Your thoughts please?
ATR is only one of instruments and you cannot rely on it as a single source of truth - in many videos (this channel and others) mentioned that you should always look the holistic picture to make decision about you profit/stop-loss position. Will you rely on ATR if during uptrend it shows position far below 200MA + FibR breakout during uptrend? - no. The common practice is that you count number of confluences for stop loss position size and more - > better confidence.
I tried ATR for setting my stops for a period, but not had great success. I mainly set my stop loss based on recent market structure, and supply/demand zones.
Nice video
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Thank's a lot my master.
You are welcome👍
Fair prices zones too, where the price previously contracted, can be pretty accurate targets, on the Dow Jones for example.
👍Good point
Problem with partial take profit and multiple take profit is overall more fees charged. That will make a strategy barely profitable or unprofitable.
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You teaches us great knowledge, god bless you
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Thanks for solving my profit target problems… God bless you always 🙏🙏🙏
All the best👍
Brother i learned so much from online how can I refine all my knowledge, like Focus only on useful stuffs.
Glad to hear that👍
@@TheSecretMindsetThanks for sharing your depth analysis ♥️.
thank you G, your videos are amazing, please don't stop. :)
More to come!👍
How does taking partials helps in maximizing profits? What about RR ratio?
I turned the wifi on and your video notification show up first❤
Hope you enjoyed it!👍
Does your course work for trading crypto and futures?
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I like your all video for smart money
I wish you could make more videos.
Very soon
Thank you for sharing this video. It was informative.
Glad it was helpful!👍
Dude, the thumbnails are amazing
Thanks 👍
Do you know something about MEA MEF??
which version of VWAP indicator in tradingview pls? thanks
Default👍
Thanks G 👍... let's take an example Euro against USD is in uptrend..is the Us dollar weakening or strengthening?
Weakening, of course
@@TheSecretMindset thanks for de feedback..am ready now to become an hunter in the market not the prey👍💯
Lol sure thing😂 get m
Em killer
Can u make a video on gapup and gap down strategy
👍Noted
Please make a trading refine course.
Genius!
Can you also go into using fib retracements and Elliot waves with rsi and stochastic rsi all together in harmony?
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@@TheSecretMindset thank you! Super excited to see it!
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PLEASE MAKE A VIDEO ABOUT ICT
Soon 👍
Hello 🎉
Hello 😊
nah there's thousands of formulas. That's just thumbnail formula 😎
Yeah, I’m suffering this dilemma
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I'm thoroughly impressed by this content. A book with a parallel theme changed my outlook on life. "Game Theory and the Pursuit of Algorithmic Fairness" by Jack Frostwell
Added to my list, thanks 👍
hii sir
Hello👍
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
Proper Hungarian accent
Close.. Romanian 👍
It's more of a financial war in between groups of traders from traders...
Me ensina.
👍👏👌
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why are you talking like that tho
Russki comuniski
666 likes......
I truly appreciate your vid’s, but the focus on shorting is frustrating. I know for long it’s opposite, but for a visual and audio learner, it’s hard to imagine that when you speak so much about going down. Sorry. It’s just hard.
நீங்கள் யார்?
He is TSM
Write in English language not in Indian language Brø
*Great video!i really have a question.For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?*
Hi Marius, Kindly share your email to connect
On the about page👍
I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest
Nice video
Good video
Nice video