norok

The art and math of profit taking in stocks

Education
NYSE:RMO   None
One of the most common questions from new traders is "when should I take profits?" There is only one wrong answer... that is to NOT have a plan!

I personally take off 75% of my position at a 3:1 Reward Risk Ratio target. The reason I do this is to give my strategy a mathematical edge when dealing with winners, losers, and in between.

"Be to others the person you needed to meet 10 years ago"

Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: www.youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.