Setting a clear target price helps traders maintain discipline, focus on realistic profit goals, and reduce emotional decision-making. By identifying this level in advance, traders can improve their ability to lock in gains, avoid holding positions too long, and refine their strategies over time. Over the long term, using target prices consistently contributes to more stable and predictable trading outcomes. Choose target prices that align with your risk-reward ratio and market conditions. Regularly reassess your targets as new data and trends emerge.