OK, I get that they are important, how do I set them?
If you click on the ‘Category’ ‘Stock Buy Rationale’ on my Blog Page, you should find loads of examples of where I have set Targets that you can look at to see how I do it in the Real World (WheelieDealer - Keepin’ it Reel, innit?)……
In essence there are a few ways of setting Targets - and I tend to use several of them together and come up with a Target that fits the various factors. The methods are pretty much as follows:
That’s it for the second Part, the 3rd and final bit will go on about how I monitor the Targets, what to do when a Target is hit and some drawbacks of using Targets.
You can wake up now, WD.
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