February 10, 2019
This topic might get ugly but please try to keep an open mind.
What is TP? Target Price. A certain price where you would likely sell or take profit. I don’t know how to put this in words that will not offend you. hmm… Okay, I will be gentle. TPs are for noobs. It’s a myth. It doesn’t exist. See our market moves in random. TP is a fixed price. You can’t use a fixed price or rule on a random moving market. Take for example the first picture. A trader bought Vita and went on and made his TP1 and TP2. Well, vita did not reach that traders TP. Sad part is that trader is at loss right now.
Target price. Nauso ito before noong nagkaroon ng mga newsletter at subscription services ang mga mentor/guru. They want their clients/students to have certain target price para naman matuwa ang mga ito. Imagine yung buy below price mo is 1 pesos at yung TP is nasa 3 pesos pa. Wow! 300% profit yun. Feels nice just thinking bout it.
Kung walang TP e ano ang meron. Ok, so there are tools like the second picture. The trader used ALMA for entry and ALMA for exit. If the trade went well at di mabreak ang alma nya that trader would hold. Kahit umabot 10 pesos yan as long as di nabreak ang alma e hohold nya yan kahit lagpas TP pa ng first trader pero nabreak so napabenta sya. The third picture the trader used MAMA so medyo nauna sya umentry at umexit.
Does this make sense sa inyo?Sorry to bust the TP bubble.