Phillip Konchar

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How to Define Your Trade’s Stop and Profit Targets

How to Define Your Trade’s Stop and Profit Targets

The stop and profit targets of your trades play a crucial role in your trading success. Many traders, especially those who are just getting started with trading, place their exit targets at arbitrary levels.

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Phillip Konchar

Phillip Konchar

Phillip Konchar is Head Tutor at My Trading Skills, an online provider of on-demand financial education.
He also writes and commentates on market analysis on the My Trading Skills blog. Over the past 10
years, he has provided trading education to a range of financial institutions.