Maximize Trading Profits: ATR Targets, Trailing Stops Explained

today we discuss my favorite stock trading strategies and an easy profit taking system that can be applied to both day trading and swing trading.
"I'm not making enough on my winners!"
Good problem to have right?
Maximize Trading Profits: ATR Targets, Trailing Stops Explained
Day trading and swing trading look the same. The same charts, the same setups, the same signals, but trade management is completely different.
In today's episode of Stocks for Breakfast we discuss the best system for booking day trading profits, and the easiest method for capturing swing trading profits.
Each of us brings different goals, resources, and skills to the stock market, so we need to factor those elements into our trading plan.
Profit targets aren't set in stone, but there's easy ways to identify exits that maximize your winners. Once you know where you're going, it's much easier to get there.
0:00 - 1:55 Introduction (profit-taking strategies, different goals, challenges)
1:56 - 3:05 Overview of topics (day trading vs swing trading profits, profit targets, trailing stop loss)
3:06 - 6:33 Average True Range (ATR) and using it as a profit target for day trading
6:34 - 11:13 Managing profits after hitting ATR target (trailing stop loss, moving averages)
11:14 - 15:58 Factoring in market conditions, sectors, and stock-specific factors
16:00 - 19:21 Swing trading profit targets (momentum moves, candlestick patterns)
19:22 - 21:12 Importance of thinking like a tape reader and putting pieces together
Introduction (0:00 - 1:55)
Discover the heated topic of profit-taking strategies in trading. Explore the challenges of setting universal exit points, as goals vary for each trader. Learn why a one-size-fits-all approach may lead to leaving money on the table or missing out on maximum gains.
Overview (1:56 - 3:05)
Get an overview of the key topics covered, including the differences between day trading and swing trading profit strategies, using profit targets, and implementing a trailing stop loss. Gain insights into managing trades effectively for various time frames.
Average True Range (ATR) for Day Trading (3:06 - 6:33)
Unlock the power of Average True Range (ATR) as a crucial profit target for day traders. Learn how to calculate and interpret ATR using the free version of finviz.com. Discover real examples of how ATR represents a stock's typical trading range.
Managing Profits After Hitting ATR Target (6:34 - 11:13)
Master the art of managing profits once you hit the ATR target. Explore trailing stop loss strategies, including using a fixed dollar amount, percentage, or moving average crossovers. Understand the trade-offs between locking in profits and letting winners run.
Market Conditions and Stock-Specific Factors (11:14 - 15:58)
Gain insights into factoring in broader market conditions, sector strength, and stock-specific catalysts when managing trades. Learn to think beyond a single stock's price action and incorporate context for better decision-making.
Swing Trading Profit Targets (16:00 - 19:21)
Discover proven methods for setting swing trading profit targets. Explore using momentum moves, candlestick patterns, and past trading ranges to identify potential profit zones. Adapt targets based on a stock's typical behavior during bullish runs.
Thinking Like a Tape Reader (19:22 - 21:12)
Elevate your trading mindset by learning to think like a tape reader. Understand the importance of putting all the pieces together, from market context to stock-specific factors, for better trade management and increased profitability.
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💰Pete Renzulli | Stock Trading Pro 💰
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These KZbin stock market live stream videos are for financial education purposes. It's up to you to consult your financial advisor to make the final decision before you decide which stocks to buy

[@StockTradingPro]

𝗝𝗢𝗜𝗡 𝗠𝗬 𝗗𝗔𝗜𝗟𝗬 𝗚𝗔𝗠𝗘 𝗣𝗟𝗔𝗡 𝗠𝗘𝗘𝗧𝗜𝗡𝗚𝗦 ➞ stocktradingpro.com/boot-camp

[@MrGchiasson]

I'm going to start calling you, 'Professor'. This is a great tool...keep me from, ' hoping things will turn around'.... You know that drill....

[@wallerlandventures]

I have watched thousands of stock videos over the last 5 years and yours consistently are full of drill-down, need to know, no BS info and I cannot thank you enough. As soon as my work slows down I am joining the boot camp.

[@jeffvangorder6126]

the boot camp is worth every penny! just started myself and i can't say enough great things about it. and now atr finally makes sense.

[@donkndave7811]

Good stuff. What is the average stop loss on a percentage basis? I'm using 3%( swing trading) and sometimes get stopped out, then the stock moves higher.

[@joseph-pe7jp]

Hi Pete I want to order masterclass but I cannot utilize the 30 day bootcamp right now cause I'm still working other job during trading hours. How do I get into the camp after the 30 days are up? thank you

[@anttv4872]

Coool

[@billw7894]

GM Pete

[@charlesh9752]

About ATR , this stinks , but you can use it to set stops . You will lose . Why . Most traders use support and resistance to set stop and you are using one of the worse methods if you use ATR. The other more popular is the Fib levels . ATR is pure bull .Most traders , including myself get most upset on fills we don't get , that our broker or their rep , sold out our orders . Scottrade used to kill me with this . I had up to .5 point that should have been hit say in a limit buy and the stock trade .5 pt below my limit order . Scottrade , had all the BUll as to why my limit was not filled . This upset me so that I just stopped trading . My broker was working against me . I doubt the guy talking has ever traded . The guy says , Act like a Pro , well the Pros are cheats .

[@charlesh9752]

You are giving the wrong information. The time to get out is when the stock is going down or up and breaks it trend momentum . This is done using a trading platform with line studies . Yes I am saying you can pick 90 % of every top and bottom , which you would react to slightly after the top or bottom with a trendline sell or buy . This only requires the right software and the time to do some simple 7 th grade calculations to figure out the relevant trendline .It can be simpler than this .

[@volaeo]

uploaded on 9/11? conspiracy?