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Imagine you're a kid in a candy store, eyes wide and mouth watering at the sight of all those delectable treats. But you can't just gobble them up willy-nilly – you need a strategy. That's where profit taking comes in, the grown-up version of deciding when to cash in your sugary winnings.
Imagine a bustling trading floor, where the air crackles with energy, and the sound of frenzied shouts echoes through the halls. At the heart of this chaos lies a metric that traders obsess over, a metric that can make or break fortunes: Volume. But what exactly is this elusive force, and why does it matter so much in the world of trading?
As traders, we're constantly on the hunt for that next big score, the trade that will make our wallets sing with joy. But in this fast-paced world of charts and candlesticks, it's easy to get caught up in the heat of the moment and forget one crucial element: setting a target price.