The New Sell and Sell Short: How to Take Profits, Cut Losses, and Benefit from Price Declines, Expanded Second Edition

Question 48—Profit Targets

Answer 3 The longer your time horizon, the farther away the profit target.

A market can move much farther in the long run than in the short run—a short-term swing trade needs a close-by target, while a long-term trend trade needs a target farther away. There is no universal method that will set a price target for every trade.