Hi All, I need a help! I have an issue where I can not help it take profits way to early! Over the last few days this has really cost me #1500 maybe more! I really need to learn how to overcome this. Has anybody been there and come out the other side? If you have please could you advise me on how to overcome this... Emporia
Have you tried to use take profits and do not watch your trade constantly? Or if it's allowed in your platform trailing stops?
Hi All, I need some help! I have a problem where I can't help it take profits method to early! Over the past few times this has actually cost me #1500 more! I need to learn how to overcome this. Has anyone been there and come out the other side? If you have please could you advise me on how to overcome this... Emporia
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.
Set the stop loss and take profit and after that if you are still not feeling safe put up the observation stop why only stress and take modest profits once the potential is even more.
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.
quote In the moment I am using Ichimoku Kinko Hyo as my indior. However, I use the three core theories cited by Hosoda: Wave Principle, Time Principle and Price Principle. This allows me to have a better knowledge of the market so that I can enter and exit at the ideal time. There are a number of different forecasting tools Elliot Wave Principle, Hurst Cycle Theory, Three Peaks and the House of Doom and the Ichimoku Theory. In my view, a good forecasting tool will provide you an advantage, if you utilize price action or an indior. This...
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