I Decoded The Take Profit Algorithm In Trading (Best EXIT Strategies)

This is the ultimate take profit guide in trading. Let's delve into the fascinating world of take profit strategies and uncover the secrets to maximizing your profits in day trading.
Take profit orders are crucial for locking in gains and ensuring that you capitalize on favorable market movements. Understanding how to set effective take profit levels and implementing the best strategies can significantly impact your trading success.
In this video, we demystify the take profit algorithm and provide you with actionable insights to enhance your trading performance.
Discover the most effective ways to determine optimal take profit levels based on market conditions, risk tolerance, and your trading goals.
Learn how to set trailing stops, use technical indicators, and leverage supply and demand or key support and resistance levels to fine-tune your take profit strategy.
With real-life examples and step-by-step guidance, we break down the best take profit strategies used by professional traders. Unleash the power of precision timing and gain confidence in your ability to exit trades at the right moment.
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Пікірлер: 99

  • @TheSecretMindset
    @TheSecretMindset Жыл бұрын

    ► Join TSM Academy: thesecretmindset.podia.com/academy ► FREE TradingView Pro with BlackBull Markets: go.blackbull.com/visit/?bta=35247&brand=blackbull

  • @triplux9000
    @triplux9000 Жыл бұрын

    I realy wish I had more info about ATR and ADR. would you cover those topics?

  • @busesoy6677
    @busesoy6677 Жыл бұрын

    I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest

  • @simoneneft3286
    @simoneneft3286 Жыл бұрын

    Liked before watching for TSM!

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍Legends

  • @invalidhasan
    @invalidhasan Жыл бұрын

    Marius I usually Exit when VSA indicates Yellow Spikes or a huge Red Spike , It's the more accurate or previous Swing as per price action, it's more accurate most of the times ❤

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍👍

  • @alialiyar1620
    @alialiyar1620 Жыл бұрын

    Nice video

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍

  • @kriptomamma6385
    @kriptomamma6385 Жыл бұрын

    Very interesting content! Thank you!

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍

  • @danmihai8047
    @danmihai8047 Жыл бұрын

    Multiple profit targets is really a game changer for me. I get stopped out a lot at breakeven, but I'm not losing a lot of trades. 💪

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍

  • @rampantking777

    @rampantking777

    5 ай бұрын

    BE trades can be considered as losing trades, just because of fee you pay, but then you can get an idea of average loss per number of trades and compare it with average wins there is your average RR.

  • @richardgabor3357
    @richardgabor3357 Жыл бұрын

    I love your videos and I am a paid subscriber to your site. I have a question: does it make sense to set stop losses based in the ATR, and how would you do it? I have read that some traders use a stop less than the ATR, but I imagine that may stop you out to soon and too often. Your thoughts please?

  • @upyourmood

    @upyourmood

    Жыл бұрын

    ATR is only one of instruments and you cannot rely on it as a single source of truth - in many videos (this channel and others) mentioned that you should always look the holistic picture to make decision about you profit/stop-loss position. Will you rely on ATR if during uptrend it shows position far below 200MA + FibR breakout during uptrend? - no. The common practice is that you count number of confluences for stop loss position size and more - > better confidence.

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    I tried ATR for setting my stops for a period, but not had great success. I mainly set my stop loss based on recent market structure, and supply/demand zones.

  • @upyourmood
    @upyourmood Жыл бұрын

    A great video as usually!!! thanks! Especially insights about scaling positions/profit🥳 About TS order: the only thing you have not mentioned about the risks of TS order use - trailing order will rarely work ( or at least it wont work for crypto) in a long-term view. Because even in you video when you showed trailing price chart example - there were enough areas where price drops enough your trailing order at the very beginning. I assume trailing order will be beneficial only with the very very very stable asset -> but then your Ts order not give you any significant profit. As you mentioned in a lot of your videos - smart money always challenge retailers and make these sudden stop loss hunting actions : like it was strong uptrend but then huge price drop fake break-out down and then come back into the uptrend - these cases are very often and TS order wont work there. OCO order is much better and stable way I would think even it's manual for scaling you profits.

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍Good points

  • @joshuavanderplaats
    @joshuavanderplaats Жыл бұрын

    You do a fantastic job with these. You have found your niche.

  • @social-selection

    @social-selection

    Жыл бұрын

    He's been doing this for years, he found his niche ages ago.

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍

  • @kumaraswamykumar8775
    @kumaraswamykumar8775 Жыл бұрын

    How does taking partials helps in maximizing profits? What about RR ratio?

  • @alifetomake
    @alifetomake Жыл бұрын

    Fair prices zones too, where the price previously contracted, can be pretty accurate targets, on the Dow Jones for example.

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍Good point

  • @fimelezi6021
    @fimelezi60212 ай бұрын

    👍

  • @TheSecretMindset

    @TheSecretMindset

    2 ай бұрын

    👍

  • @kh-je1ro
    @kh-je1ro Жыл бұрын

    thank you G, your videos are amazing, please don't stop. :)

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    More to come!👍

  • @psxandinvestmentchannels2802
    @psxandinvestmentchannels2802 Жыл бұрын

    Good video

  • @emrah_01
    @emrah_01 Жыл бұрын

    which version of VWAP indicator in tradingview pls? thanks

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    Default👍

  • @user-cd9nu9fu2l
    @user-cd9nu9fu2l Жыл бұрын

    I like your all video for smart money

  • @user-cd9nu9fu2l

    @user-cd9nu9fu2l

    Жыл бұрын

    I wish you could make more videos.

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    Very soon

  • @Krlnjnd
    @Krlnjnd Жыл бұрын

    Does your course work for trading crypto and futures?

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍

  • @gunasai57
    @gunasai57 Жыл бұрын

    Brother i learned so much from online how can I refine all my knowledge, like Focus only on useful stuffs.

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    Glad to hear that👍

  • @gunasai57

    @gunasai57

    Жыл бұрын

    @@TheSecretMindsetThanks for sharing your depth analysis ♥️.

  • @Ashokkumar-nh5vp
    @Ashokkumar-nh5vp Жыл бұрын

    You teaches us great knowledge, god bless you

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍

  • @AnthonysTradingChannel
    @AnthonysTradingChannel Жыл бұрын

    Thank you for sharing this video. It was informative.

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    Glad it was helpful!👍

  • @khalidshaikh1824
    @khalidshaikh1824 Жыл бұрын

    Can u make a video on gapup and gap down strategy

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍Noted

  • @franciscojaviersanjosesanc3046
    @franciscojaviersanjosesanc3046 Жыл бұрын

    Do you know something about MEA MEF??

  • @rakeshadhikari5556
    @rakeshadhikari555610 күн бұрын

    Problem with partial take profit and multiple take profit is overall more fees charged. That will make a strategy barely profitable or unprofitable.

  • @TheSecretMindset

    @TheSecretMindset

    10 күн бұрын

    👍

  • @monsterprofit1990
    @monsterprofit1990 Жыл бұрын

    PLEASE MAKE A VIDEO ABOUT ICT

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    Soon 👍

  • @gunasai57
    @gunasai57 Жыл бұрын

    Please make a trading refine course.

  • @shaz01
    @shaz01 Жыл бұрын

    nah there's thousands of formulas. That's just thumbnail formula 😎

  • @ronaldnale1517
    @ronaldnale1517 Жыл бұрын

    Thank's a lot my master.

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    You are welcome👍

  • @Beeyoofx
    @Beeyoofx Жыл бұрын

    Thanks for solving my profit target problems… God bless you always 🙏🙏🙏

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    All the best👍

  • @tituskiprono743
    @tituskiprono743 Жыл бұрын

    Thanks G 👍... let's take an example Euro against USD is in uptrend..is the Us dollar weakening or strengthening?

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    Weakening, of course

  • @tituskiprono743

    @tituskiprono743

    Жыл бұрын

    @@TheSecretMindset thanks for de feedback..am ready now to become an hunter in the market not the prey👍💯

  • @ExpatTraderFX

    @ExpatTraderFX

    11 ай бұрын

    Lol sure thing😂 get m Em killer

  • @ryderpaul9691
    @ryderpaul9691 Жыл бұрын

    Dude, the thumbnails are amazing

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    Thanks 👍

  • @aqadaptiveintelligence
    @aqadaptiveintelligence Жыл бұрын

    Genius! Can you also go into using fib retracements and Elliot waves with rsi and stochastic rsi all together in harmony?

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍

  • @aqadaptiveintelligence

    @aqadaptiveintelligence

    Жыл бұрын

    @@TheSecretMindset thank you! Super excited to see it!

  • @CandyLemon36
    @CandyLemon368 ай бұрын

    I'm thoroughly impressed by this content. A book with a parallel theme changed my outlook on life. "Game Theory and the Pursuit of Algorithmic Fairness" by Jack Frostwell

  • @TheSecretMindset

    @TheSecretMindset

    8 ай бұрын

    Added to my list, thanks 👍

  • @Best_Game_Videos
    @Best_Game_Videos Жыл бұрын

    Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

  • @footballworld8112
    @footballworld8112 Жыл бұрын

    I turned the wifi on and your video notification show up first❤

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    Hope you enjoyed it!👍

  • @tronghungdao251
    @tronghungdao251 Жыл бұрын

    👍👏👌

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍

  • @durgasaikumart2518
    @durgasaikumart2518 Жыл бұрын

    hii sir

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    Hello👍

  • @AlsharifAdil
    @AlsharifAdil Жыл бұрын

    Yeah, I’m suffering this dilemma

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    👍

  • @user-bf9yj2zg8c
    @user-bf9yj2zg8c Жыл бұрын

    Proper Hungarian accent

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    Close.. Romanian 👍

  • @kriptomamma6385
    @kriptomamma6385 Жыл бұрын

    Hello 🎉

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    Hello 😊

  • @ezeganzagan4173
    @ezeganzagan417310 ай бұрын

    It's more of a financial war in between groups of traders from traders...

  • @diegofelipe1108
    @diegofelipe1108 Жыл бұрын

    Me ensina.

  • @yumar_official
    @yumar_official4 ай бұрын

    why are you talking like that tho

  • @gotmilk1028
    @gotmilk1028 Жыл бұрын

    I truly appreciate your vid’s, but the focus on shorting is frustrating. I know for long it’s opposite, but for a visual and audio learner, it’s hard to imagine that when you speak so much about going down. Sorry. It’s just hard.

  • @ExpatTraderFX
    @ExpatTraderFX11 ай бұрын

    Russki comuniski

  • @Kannammavin_Kathalan
    @Kannammavin_Kathalan Жыл бұрын

    நீங்கள் யார்?

  • @Drx_ViveK_PateL

    @Drx_ViveK_PateL

    Жыл бұрын

    He is TSM

  • @Drx_ViveK_PateL

    @Drx_ViveK_PateL

    Жыл бұрын

    Write in English language not in Indian language Brø

  • @QuicK-SiLver
    @QuicK-SiLver Жыл бұрын

    666 likes......

  • @Winifred_Wood
    @Winifred_Wood Жыл бұрын

    *Great video!i really have a question.For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?*

  • @mbansal4
    @mbansal4 Жыл бұрын

    Hi Marius, Kindly share your email to connect

  • @TheSecretMindset

    @TheSecretMindset

    Жыл бұрын

    On the about page👍

  • @tozkopaniskenderfan9822
    @tozkopaniskenderfan9822 Жыл бұрын

    I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest

  • @kubraakgun6001
    @kubraakgun6001 Жыл бұрын

    Nice video

  • @oyuncup
    @oyuncup Жыл бұрын

    Nice video

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