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Formula to identify minimum equity profit price target to prevent loss

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    Formula to identify minimum equity profit price target to prevent loss

    I don't know if this is appropriate here but I'm trying to start a trading journal so I can become more disciplined and understand what I'm doing.

    I'm trying to build a formula to identify what the minimum number of shares need to be sold and at what price as a take profit point so that should things go south and I hit my stop loss that I break even on the trade.

    I've included a copy of my journal. Column P and Q would tell me what is the minimum number of shares to sell and at what price to prevent the possible loss if a stop should occur. My trade risk is at column O
    I have racked my brain on this and can't figure this out. If someone could give me some advice it would be greatly appreciated.
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    Last edited by Phenatic; 07-06-2021 at 12:29 PM. Reason: More Specific Title

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    Forum Moderator AliGW's Avatar
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    Re: Looking for a Formula. Can't figure out the math.

    Administrative Note:

    We would very much like to help you with your query, however the thread title does not really convey what your request is about. Tell us what you are trying to do, not how you think it should be done.

    Please take a moment to amend your thread title. Make sure that the title properly explains your request. Your title should be explicit and not be generic (this includes function names used without an indication of what you are trying to achieve).

    Please see Forum Rule #1 about proper thread titles and adjust accordingly. To edit the thread title, open the original post to edit and then click on Go Advanced (bottom right) to access the area where you can edit your title.

    (Note: this change is not optional. No help to be offered until this moderation request has been fulfilled.)

    Please update your forum profile with your current version of Excel.
    Last edited by AliGW; 07-06-2021 at 12:15 PM.
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    Forum Moderator AliGW's Avatar
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    Re: Formula to identify minimum equity profit price target to prevent loss

    Thanks for the title update.

    Could you please address the issue of your current Excel version? It may well inform suggestions offered to you.

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    Re: Formula to identify minimum equity profit price target to prevent loss

    Yes AliGW. I'm so sorry. I'm using Office 365

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