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.
Jan 31 2021 at 17:26
I think proper risk reward ratio help traders to success in trading.
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.
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.
Feb 03 2021 at 12:31
UweMoench posted:
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.
I also think in the same manner. Partial profit booking should be used by long term traders only.
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.
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
Why do you do that. You are basically entering 2 trades one with a SL at 80% and the other at 100%. Better to just pick the optimum exit rather than two that are sub optimal
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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