Partial profit talking is good if you are a long term trader and have a big profit target. Then you can take a partial profit of your trade. But if you are a short term trader and profit target is maximum 40 to 50 pips or so, taking partial profit is not a good idea. You should rather develop your skills for more accurate trading. It's just my opinion. Every trader should have his own trading style.
LyudmilLukanov
Mitglied seit Jul 23, 2020
869 Posts
Jan 31 2021 at 17:26
I think proper risk reward ratio help traders to success in trading.
ElliotCooke
Mitglied seit Jul 20, 2020
341 Posts
Jan 31 2021 at 18:31
Trader need to have a realistic expectation in trading. However, most of the new traders come to the market with unrealistic expectation. Then they feel miserable.
LeviSievwright5
Mitglied seit Jul 20, 2020
298 Posts
Feb 01 2021 at 02:10
I also use this formula. It is a formula that can be controlled by trading in a very profitable formula.
forextrader777
Mitglied seit Jan 16, 2021
133 Posts
Feb 03 2021 at 12:31
UweMoench posted:I also think in the same manner. Partial profit booking should be used by long term traders only.
Partial profit talking is good if you are a long term trader and have a big profit target. Then you can take a partial profit of your trade. But if you are a short term trader and profit target is maximum 40 to 50 pips or so, taking partial profit is not a good idea. You should rather develop your skills for more accurate trading. It's just my opinion. Every trader should have his own trading style.
Trading the 1 hour and 4 hour. at the start of the month I just go for 1:1 till I have my monthly profit target. after that I reduce my risk and take half of the profit at 1:1 and let the rest run.
Yes, I use this formula it is a very good system. The system can make a lot of profit.
CraigMcG2020
Mitglied seit Jul 20, 2020
399 Posts
Feb 11 2021 at 13:19
I do this for every trade. once it hits 80% of my target i remove 50% and then move my stop loss to break even
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