What should my exit plan look like before I enter this trade?

How this works

• Risk per share equals the distance between your entry and stop. Reward per share equals the distance between your entry and each target.
• The breakeven-stop suggestion on the card is a common practice among traders who scale out, not a rule. Some strategies are better served by leaving the original stop in place until the position closes.
• This card only reflects the numbers you enter. It doesn't check your position size, your account's risk limit, or your broker's actual order types.
• Write or save this plan before you enter, not after. An exit plan decided mid-trade tends to bend toward whatever the trade is currently doing, which defeats the purpose of having one.