Garyst, OK, I know I'm going to be a thorn in your side again and I think you know what I'm about to say . Taking 20%-25% profit is not the hardest discipline, controlling losses is. A trader has to have an exit point for a losing position also. I have never seen a trader lose their account by letting profits get out of control but I have witnessed friends being devastated by uncontrolled losses. You can not be willing to set a profit goal of 25% and not have an exit point. Trading stocks is a numbers game, you can't take 25% profits and be willing to take 25% losses on the same trade. If only half your picks are winners you are spinning your wheels. If you're good enough to pick 75% winners, you will be fine.
One of my trades may look like this, I'll wait to place my entry when I feel I can make 30% profit and allow for 10% loss only. I watch my trades like a hawk so I may adjust my PROFIT percentage up or down during the course of the trade depending on news or momentum but I will only adjust my loss percentage DOWN, never will I take more than the 10% loss on that trade. I'm not trying to start an argument, only offering a suggestion that may help controlling losses in the future. You would think as much as I harp on losses that I don't have large losses but I've been VLNXed out of 13,000 thinking I had that one figured for sure
rut roh
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