What is the reason for setting a target or targets when entering a trade? In futures or spot contracts, and what is the reason for setting a stop-loss limit?
The first is so that trading comes from analysis and monitoring of an entry decision supported by assumptions about direction—this eliminates greed and gambling.
As for the second, it allows you to return to the market instead of suffering severe losses, wiping out your capital, or being forced out of the market permanently. Acceptable losses can be recovered.
This is what you should take into account before any decision; otherwise, you, my dear, are heading into confusion.
The discussion is open, and we hope we can understand more from you, esteemed experts.
The first is so that trading comes from analysis and monitoring of an entry decision supported by assumptions about direction—this eliminates greed and gambling.
As for the second, it allows you to return to the market instead of suffering severe losses, wiping out your capital, or being forced out of the market permanently. Acceptable losses can be recovered.
This is what you should take into account before any decision; otherwise, you, my dear, are heading into confusion.
The discussion is open, and we hope we can understand more from you, esteemed experts.