Profit Targets on Short Term Retracement Trades $MU $JAZZ
Part of the trading system uses short term profit targets. I use limit orders…for example
Long Exit 128 JAZZ 1 84.55 Limit N/A Unknown Long 82.62 0.44 2013-10-15 LExit2
Long Exit 534 MU 1 17.13 Limit N/A Unknown Long 16.92 0.33 2013-10-15 LExit2
These trades gave back some of their open profits. However it is a total probability game. Alot of small profits…small losses..avoiding the big losses except when there are gaps which can not be avoided.
Past performance is not indicative of future performance