In the complex arena of algorithmic trading, practitioners grapple with a pivotal choice: should they adhere to trading with specific targets, or should they capitalize on every opportunity their system flags? This decision can significantly impact their trading journey.
Trading to Target: The Pros and Cons
Opting for trading to target means setting predefined objectives, such as weekly or monthly earnings benchmarks. George Soros, known for his exceptional trading acumen, once said, “It’s not whether you’re right or wrong, but how much money you make when you’re right and how much you lose when you’re wrong.”
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