Who this is for — Anyone who enters well but exits randomly, leaving valid trades on the table or closing too early for fear of giving back profit.
In plain terms — The target is where the market has already paid for the initial idea. From there you can bank profit or update the plan, but not stay at the mercy of improvisation.
Bronze prerequisite — Before this lesson: trend, timeframe, support, stop-loss. See bronze-path.
How to define an operating target
A valid target can come from technical levels, range extensions, resistance, or R multiples of initial risk.
The choice depends on setup and market regime, not on wanting "more".
Linking target and dynamic-risk-reward helps assess whether the trade makes sense before entry.
A realistic, coherent target beats an ambitious but statistically rare one.
Fixed target or progressive management
Many traders use a first target to reduce position, then manage the rest with trailing or structure.
This combines discipline and flexibility, especially on strongly directional days.
If the market loses momentum near the target, banking is a professional choice.
Example — Trade with €100 risk and primary 2R target at €200. At 2R, close half the position and move stop to break-even on the rest: protect result without cutting all upside.
Card
- What it is: partial or full exit objective linked to the setup.
- When to use it: in pre-trade planning, with stop and size.
- Typical mistake: changing target out of greed when the plan was already sound.
Silver path — Module: Building a setup. Part of silver-path.