I usually do this before trading and this is my strategy. usually Before installing a trading position you should already know your stop loss position and profit target. When you have started trading, the entry should be based on a trading strategy that has been tested. Your trading plan contains an overview of where and when you enter the market, the indicators needed, what action pricing should be done and what appears at different time frames that determine when you enter the market. You are also prepared to exit trading on a predetermined target - although it would be very tempting to keep a position when the market moves according to your wishes, the market has the potential to keep changing at that time.