Catching Big Waves - a trader's journal of surfing the the markets
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And this is why I closed. Plus, my profit target was just an approximate area, I just sort of grab and pull it aside at first. When I enter a trade, there has to be a reasonable area for a profit target. But the primary focus until a trade goes in my favor is the stop loss, not the profit target. Later I pulled fibs. 80.87 was beyond the 786, and I prefer to get out and then watch to see if I still want to be in.
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