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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I realy wish I had more info about ATR and ADR. would you cover those topics?
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
Liked before watching for TSM!
@TheSecretMindset
Жыл бұрын
👍Legends
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
Жыл бұрын
👍👍
Nice video
@TheSecretMindset
Жыл бұрын
👍
Very interesting content! Thank you!
@TheSecretMindset
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
Жыл бұрын
👍
@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.
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
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
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.
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
Жыл бұрын
👍Good points
You do a fantastic job with these. You have found your niche.
@social-selection
Жыл бұрын
He's been doing this for years, he found his niche ages ago.
@TheSecretMindset
Жыл бұрын
👍
How does taking partials helps in maximizing profits? What about RR ratio?
Fair prices zones too, where the price previously contracted, can be pretty accurate targets, on the Dow Jones for example.
@TheSecretMindset
Жыл бұрын
👍Good point
👍
@TheSecretMindset
2 ай бұрын
👍
thank you G, your videos are amazing, please don't stop. :)
@TheSecretMindset
Жыл бұрын
More to come!👍
Good video
which version of VWAP indicator in tradingview pls? thanks
@TheSecretMindset
Жыл бұрын
Default👍
I like your all video for smart money
@user-cd9nu9fu2l
Жыл бұрын
I wish you could make more videos.
@TheSecretMindset
Жыл бұрын
Very soon
Does your course work for trading crypto and futures?
@TheSecretMindset
Жыл бұрын
👍
Brother i learned so much from online how can I refine all my knowledge, like Focus only on useful stuffs.
@TheSecretMindset
Жыл бұрын
Glad to hear that👍
@gunasai57
Жыл бұрын
@@TheSecretMindsetThanks for sharing your depth analysis ♥️.
You teaches us great knowledge, god bless you
@TheSecretMindset
Жыл бұрын
👍
Thank you for sharing this video. It was informative.
@TheSecretMindset
Жыл бұрын
Glad it was helpful!👍
Can u make a video on gapup and gap down strategy
@TheSecretMindset
Жыл бұрын
👍Noted
Do you know something about MEA MEF??
Problem with partial take profit and multiple take profit is overall more fees charged. That will make a strategy barely profitable or unprofitable.
@TheSecretMindset
10 күн бұрын
👍
PLEASE MAKE A VIDEO ABOUT ICT
@TheSecretMindset
Жыл бұрын
Soon 👍
Please make a trading refine course.
nah there's thousands of formulas. That's just thumbnail formula 😎
Thank's a lot my master.
@TheSecretMindset
Жыл бұрын
You are welcome👍
Thanks for solving my profit target problems… God bless you always 🙏🙏🙏
@TheSecretMindset
Жыл бұрын
All the best👍
Thanks G 👍... let's take an example Euro against USD is in uptrend..is the Us dollar weakening or strengthening?
@TheSecretMindset
Жыл бұрын
Weakening, of course
@tituskiprono743
Жыл бұрын
@@TheSecretMindset thanks for de feedback..am ready now to become an hunter in the market not the prey👍💯
@ExpatTraderFX
11 ай бұрын
Lol sure thing😂 get m Em killer
Dude, the thumbnails are amazing
@TheSecretMindset
Жыл бұрын
Thanks 👍
Genius! Can you also go into using fib retracements and Elliot waves with rsi and stochastic rsi all together in harmony?
@TheSecretMindset
Жыл бұрын
👍
@aqadaptiveintelligence
Жыл бұрын
@@TheSecretMindset thank you! Super excited to see it!
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
8 ай бұрын
Added to my list, thanks 👍
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.
I turned the wifi on and your video notification show up first❤
@TheSecretMindset
Жыл бұрын
Hope you enjoyed it!👍
👍👏👌
@TheSecretMindset
Жыл бұрын
👍
hii sir
@TheSecretMindset
Жыл бұрын
Hello👍
Yeah, I’m suffering this dilemma
@TheSecretMindset
Жыл бұрын
👍
Proper Hungarian accent
@TheSecretMindset
Жыл бұрын
Close.. Romanian 👍
Hello 🎉
@TheSecretMindset
Жыл бұрын
Hello 😊
It's more of a financial war in between groups of traders from traders...
Me ensina.
why are you talking like that tho
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.
Russki comuniski
நீங்கள் யார்?
@Drx_ViveK_PateL
Жыл бұрын
He is TSM
@Drx_ViveK_PateL
Жыл бұрын
Write in English language not in Indian language Brø
666 likes......
*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?*
Hi Marius, Kindly share your email to connect
@TheSecretMindset
Жыл бұрын
On the about page👍
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
Nice video
Nice video