Stop losses and price targets are simply guides and meant to be used at your discretion based on your own trading parameters.
If you were stopped out that is part of trading but once price reaches entry point again the idea becomes valid and if you still like it, then you can re-enter the trade.
Same as selling before price target is hit.
If you are happy with your profit and want to sell, that’s okay. You don’t have to wait until the price target is met.
But #hood hit the stop loss? And then went up
Hey Anna,
Thanks for reaching out.
Stop losses and price targets are simply guides and meant to be used at your discretion based on your own trading parameters.
If you were stopped out that is part of trading but once price reaches entry point again the idea becomes valid and if you still like it, then you can re-enter the trade.
Same as selling before price target is hit.
If you are happy with your profit and want to sell, that’s okay. You don’t have to wait until the price target is met.
Best,
Money Machine Newsletter Team