Profit Targets - How To Locate Profit Taking Areas - See more at: http://www.netpicks.com/day-trading-profit-levels/ The issue that many traders have is getting out of the trade especially the day trading profit targets you are going to use. If you swing trade, you will only make the decision to exit your trade every few days or so. As a day trader, you will be making profit taking decisions quite a few times during one trading session. There are three exits for a trade: Exiting trades for a profit Exiting trades to cut your losses Exiting your trade at break even (although you will still pay spread/commission) - Visit our website: http://www.netpicks.com/ - Netpicks Inner Circle: http://www.netpicks.com/icenroll - Download the free indicator blueprint: http://www.netpicks.com/blueprint/ - Options Hot List PLUS Training: http://www.netpicks.com/oftbrightbreakthroughs trading profits, trading exits, support and resistance, price levels

2. The issue that many
traders have is getting
out of the trade

3. Day traders make exit
decisions a few times
on most days

4. Exiting for a profit
Exiting to cut losses
Exiting at break even

5. You risk X amount of pips per trade
Exit your trade at a multiple of the
X for a profit
Exit your trade once the amount of
pips risked is taken

7. This does not take into
account one of the
most important parts
of a trading chart

8. Price makes structure

9. A trending market has
a rhythm to it.

10. Higher highs and
higher lows = uptrend.
Pullbacks = trading
opportunity

15. Watch out for selling
highs and complex
corrections

18. Rally right through those
levels
Rejected short
Find balance near the top of
the swing

19. If price rallies, shorts
will have to exit

20. Good chance our stops get hit.
Our patience will be tested.
Stops hit on failed breaks short.

21. Conclusion?
Use Those Areas As
Profit Taking Levels.

22. Do you leave a
runner?
Is this the best way to
take a profit?

23. Trailed Stops
Exit at structure

26. Understand
Context, Structure,
and the Psychology
(CSP) of the masses

27. Using these types of
levels for profit taking
makes sense

28. Watch the price action
to see if you can
determine who is
winning the battle at
those levels.

29. Profit targets must
form a part of your
trading strategy and
are in your trade plan.

30. Day trading especially
on lower time frames
has a lot of levels

31. If I can remove levels
by going up a factor of
3-5, I will do so.

32. I believe higher time
frame levels carry
more weight

33. Fibonacci profit targets
www.netpicks.com/fibonacci-profits/