As we mentioned, choosing the correct timing to enter the market is extremely difficult. Even the most prominent experts in the field of trading sometimes face difficulties in reading the market accurately. Also, if you apply dollar cost averaging in a trade, you may also need to consider an exit plan. This plan is a trading strategy for exiting a trade.
Currently, if you want to set a target price (or price range), it doesn't take much effort. As we mentioned previously, you should divide your investment into equal payments, and start selling it after its market price reaches the target price. This way, you can reduce the risk of not getting out at the right time. But it depends entirely on the trading system you follow.
Some people resort to using a âbuy and holdâ strategy, whose main goal is not to sell at all, because they expect the value of the purchased assets to increase over time.
