GLOSSARY · RISK & PERFORMANCE
What is First Target (T1)?
T1 is the first profit target on a trade, where traders often take partial or full profit.
Many systems set T1 at a fixed multiple of risk, such as 1.5R, with optional T2 and T3 targets for runners. Taking profit at T1 locks in gains; moving the stop to break-even protects the rest.
EXAMPLE
Entry 5,000, stop 4,996, T1 at 1.5R = 5,006. Exit half at 5,006, move the stop to 5,000 and let the rest run.
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