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

Question 37—Targets for Selling

Answer 4 All of the above

You can use a great variety of methods for setting profit targets. While the range of choices is virtually limitless, two factors are most important. First, you must understand the logic of your target-setting process, and avoid impulsive behavior. Second, you must keep records to help evaluate the quality of any method.