I guess we cant endure profits making a hole in our pockets....this is certainly the hardest skill to master.
I guess we cant endure profits making a hole in our pockets....this is certainly the hardest skill to master.
Have you tried to use take profits and do not watch your trade constantly? Or if it's allowed in your platform trailing stops?
Put the stop loss and take profit and then if you're still not feeling secure set up the trailing stop why only stress and take modest profits once the potential is much more.
Either set a Goal and forget it or trail you stops as the market Grows, have rules Set up to overcome this issue
I had this problem but then I commanded my habit by employing numerous entrances and closing a few with minimal difference in between them. And letting the final ones keep running for extended.
This happened to me yesterday, I needed a buy EUR/JPY @131.40 and took profit @131.90 but the market shot above 132.2X
Hello
Care to mention what you believe early?
To some scalper 20-50pips is great and often they call it daily
To some day trader 50-100 pips is very good
To some swing trader anything over 100pips is excellent.I swing commerce I consider my profits not in specific number but what PA is doing.If PA strikes intense resistance like EC in 36 afterward holding those shorts longer hoping further down movement is pointless.If momentum is down and encouraged by fundamentals then allow your transactions run but then again check out PA at each S/R
Anyway please be more specific
Incidentally nothing price you if you weren't in the trade.Its incorrect way to check out trading.
I loe trailing stops not quite effective.You could be stopped out on spike afterward trend resuming same direction with no.
I prefer TP place with discretion of seeing exactly what PA is doing at critical junctions S/R Round amounts 200MA etc
The problem that you've mentioned is omnipresent when people feel frued after making profits. In order to avoid this egy one should adopt gradual exit egy (if at all possible), it says if you are holding numerous positions or it is possible to liquidate part of your single position and maintain the remainder of it, an individual should exit the part at his/her established goal and trail the stop-loss, if the pair goes considerably into favorable direction one should keep on repeating the action util the reversal occurs. This manner you would get the advantage of favorable movement in addition to feel fulfilled.