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Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
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Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition

by Michael N. Kahn
June 2006
Beginner
352 pages
7h 6m
English
Pearson
Content preview from Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition

Price Objective Is Reached

When a profit target is reached, it is often a good time to sell. This must be balanced against the adage, “Let your profits ride,” which suggests that you only sell stocks when they start to go down. A better strategy would be to reevaluate the entire situation to see if technical indicators continue to point to higher prices. If they do, set a new target, as well as criteria for what has to happen to prove you wrong. It is also no sin to take a partial profit and, if the technicals agree, let the rest ride.

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Publisher Resources

ISBN: 0131345974Purchase book