I really agree with Carlos M. on this one! Using MU as an example, I often buy 1000 shares, with a profit target of around 40 or 50 cents, usually yesterday's high/low, 2 days ago's high/low, or previous days' close. My stop loss will be anywhere from 10 cents to 20 cents below my entry point. Usually a few cents below VWAP or another strong support level. I generally will sell the first half at around 30ish cents, another half at 35ish cents, another half at the price target of around 40ish-50ish. Leaving the last 125 shares to sell when the stock starts to look weak again. A lot of this depends on how the price action looks. If it look strong, I may hold a little longer. If I'm skeptical, I may get out a little sooner. I'm still using a simulator. But, I have found this strategy to be more profitable than what I was doing before. I'm really interested in hearing other's opinion on this!

Hey guys, This has happened to me as well several times. I set a target and in a lot of cases the price action does not reach it. Now I do keep in mind, what Andrew has explained in his class and recap videos, the Target is an area not a set price. What has helped my trading a lot against this is the scaling out of a trade once it has moved .30 to .40 cents or so regardless if it has reached the target depending on how the price action is going. If the stock is moving really fast towards my target then I let it ride, the second I see some hesitation in momentum or any sign of a pull back I take some profits off the table. This way I got some green in my pocket but still have some left incase the stock decides to continue towards the target. Too many times have I let a stock go against me for being stubborn and waiting for my profit target to get hit. We are not doing anything wrong by having a reasonable target that does not get hit. Is just the way the market is, you never know what will happened we just need to be prepare for what it does and check the price action for what signals we are getting. Carlos