The trade ideas on Right Side of the Chart are typically updated when each profit target is hit or as soon as possible shortly thereafter. This is due to the fact that all trade ideas shared here have one or more explicit profit target levels. Trade ideas that are removed from the Active Trades category, whether or not one or more profit targets were already hit, are typically moved to the Completed Trades category for one of several reasons: Either they have exceeded the maximum suggested stop level, if one was provided; The trade has exceeded any reasonable stop level, if none suggested; The technical outlook for the trade and/or the broad market has changed enough to book profits on the trade before the planned target is reached; or the trade simply no longer looks compelling from a risk/reward perspective and is removed to make room for more attractive trade ideas.
As stop parameters, risk tolerances, holding periods & trading styles vary widely amongst individual traders, many of the stopped out trades or those yet to be stopped out but stuck in a trading range are removed together in bulk from time to time. Remember, all profit targets and suggested stops, if any listed, are simply suggestions based on my own personal trading style and preference of using a R/R (risk-to-reward ratio) of 3:1 or better on each trade (i.e.- accept $1 of downside risk for every $3 of upside profit potential). Some traders might opt for an even lower R/R, say 2:1, while other might only take a trade using a 4:1 or better R/R. Every trader must decide not only which trades to take but also which profit target(s) to aim for as well as which stop-loss parameters to use for each trade.
In reviewing the Long Trade Ideas category tonight, the following trades will now be considered completed as they have either exceeded their previously suggested