Partial profit talking
Jan 31, 2021 at 13:36
521 Angesehen
8 Replies
Jan 31, 2021 at 13:36
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.
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.
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.
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.
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
Mitglied seit Jul 20, 2020
298 Posts
Feb 11, 2021 at 16:59
This is a very good idea. You can learn a lot from this idea. It is less likely to be lost.
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