Some set up a target price, some base on the market direction, each has his own strategy for different stocks. News about each stock plays a pivot role about when to sell.Most long players tends to set a target price or percentage and then sell or cut losses.
Depends on your style when to take profit.
A good strategy is buy on rumors and sell on news.
The above profit taking system is good for novice to follows but as you are long enough in the market you set your own strategy.
Do You Have Your Own Take-Profit Strategy or System?
It’s often said in the market that knowing when to sell is more important than knowing when to buy!
Be patient when buying, but decisive when selling.
Even if you know the stock will probably rise again tomorrow, you still need to stick to your trading strategy and sell.
Do you have your own take-profit system or strategy?
What technical indicators do you use?
Do you find profit-taking system helpful for improving your performance?
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