ideal timeframe

Larisa

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What is the ideal timeframe for position trading, and how do you determine entry and exit points?
 
I'm just a newbie so I've been googling this and came up with the rule of taking profit at 20% up and placing a stop loss at 7%. That's what I've been doing but I've also realised that 20% is a heck of a rise to realise in practice... I believe its anything longer than a day trade but less than an investment held for more than a few months.
 
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