How do you set goals for medium- or long-term investing? What do you rely on?
For example, I know 5 adequate methods:
- based on previous maximum levels or mirror levels
- based on Fibonacci retracement levels
- based on Fibonacci extension levels
- based on visual order blocks according to Smart Money
- fixed targets, for example +25% / +100% / +500%
I use a combination of these 5 methods and look for the most successful intersection of opportunities.
At the same time, I know that many are guided by fantasies about prospects, as well as by price levels from 2021.
I am interested to know how you set your goals?
Write in the comments!