I'm relatively new to FX trading and currently working through the battles of becoming a better trader & building an effective strategy.
One of my weaknesses at the moment is dealing with trades going in my favor! I'ts crazy to think i'm comfortable with a trade hitting my stop, because I have already accepted the risk and the amount i'm willing to lose. But when a trade is going in my favor my behavior changes and I start questioning myself 'Should I change the limit?' or 'When should I place a trailing stop?' 'Should I just leave it?'
I understand that placing a trailing-stop will depend on the volatility of the currency pair however I am just interested to see if anyone else has had the same psychological problem?
If you have, do you have any words of wisdom you could share?