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.
LyudmilLukanovเป็นสมาชิกตั้งแต่ Jul 23, 2020 869 โพสต์
Jan 31 2021 at 17:26
I think proper risk reward ratio help traders to success in trading.
ElliotCookeเป็นสมาชิกตั้งแต่ Jul 20, 2020 341 โพสต์
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.
LeviSievwright5เป็นสมาชิกตั้งแต่ Jul 20, 2020 298 โพสต์
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.
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.
CraigMcG2020เป็นสมาชิกตั้งแต่ Jul 20, 2020 399 โพสต์
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