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Two separate things. Start with the walkthrough to learn the screen you trade on; the topics explain the trading behind it.
Two separate things. Start with the walkthrough to learn the screen you trade on; the topics explain the trading behind it.
Candle Arena needs the height to show a chart and your trade at the same time. Landscape on a phone is not supported yet.
Buying here is going long: you profit if price rises. The stop at 37.54 sells automatically if price falls there. It is your exit if the idea is wrong.
A profit target is a price, chosen before buying, where you plan to sell a winner. Deciding it before any gain exists keeps hope and fear out of it.
Before the pullback, price rose to 39.10 and turned down. That top is called a swing high. Sellers showed up there once. Nothing says they will again.
A sell order at your target only fills if price trades there. Price can stall just short of an old high. So the target sits at 38.94, 0.16 under 39.10.
Swing high 39.10 · Target 38.94 · 0.16 under
Wanting 2.00 a share puts a target at 39.94. Nothing on this chart has traded that high. 38.94 is a price the chart itself points to.
Buy 37.94 · Wish 39.94 · Target 38.94
Price rose through 38.94, so the sell there filled. Its best was 38.99, just short of 39.10. A target on the old high never sold.
Best 38.99 · Target 38.94 filled
Price may turn before the target and never reach it. It may also run far past it, and the sale misses the rest. A target only marks a planned exit.
Buy 37.94, stop 37.54, target 38.94: just under 39.10, where the last rise turned. The chart chose it, not a wish. The same works on 1-minute, daily or monthly charts.
Target 1.00 above buy · Stop 0.40 below
You buy at 37.94. The last rise turned at 39.10. Where does the target belong?