Meaning of price objective

#2
sorry i dont have any idea about price objective but if you mean target prices so its mean that A stop-loss becomes a market order once the stock price falls below that price level. This is typically understood as the most you're willing to lose on a trade, but realize that if the market gaps down then you could be filled much lower for a larger loss.
Target price has different meanings. If you mean a price target per your trading plan then it is the price at which you would go to sell out of a long position to lock in profit.
 
#3
thanks for the reply...but in the book i am reading, 'price objective' is written and i know its kind of different from target price...it is mostly used in context to price patterns..
 

hitesh

Active Member
#4
thanks for the reply...but in the book i am reading, 'price objective' is written and i know its kind of different from target price...it is mostly used in context to price patterns..
I do not know the context or reference for 'price objective' used in the book you are reading.

However, so far I understand the meaning of "To study Price Objectively" is as follows:-

1. To do anything objectively means to do / arrive at conclusion without bias. To come to a conclusion on the basis of observation / fact only and not on the basis of what one feel / think or on the basis of rumor.

2. As oppose to above, to do anything subjectively means to arrive at conclusion based on bias / judgement or what one think. That is, without considering full fact or without proper and sufficient observation.

It should be aim of the trader to study price objectively and not subjectively.

I hope this helps.........
All he best.........
 
#5
Thanks Hitesh, but price objective is written in the book as a technical term with respect to price patterns. Searched a lot but couldn't find the meaning. Thanks anyway, what u told was also helpful:)
 

Similar threads