thread: Taking Profits too early?

The moment we find out the ideal balance between getting profit and getting out of trade would be the moment we'll become a specialist. So, till this is not feasible, it's not feasible for us to reach towards what we desire, it's something quite difficult but very much achievable. We only have to be subject and kill the greedy mindset; it'll help us a lot and assist us with many things and will keep it good!

quote Absolutely right as the main motive is to make money so whatever the amount is got is great regardless of if it is small but it should be consistent.

Yes , no way to refuse, to bring profit sometimes may be possible by trading at random but maybe not for all time. That's why consistence profit is a significant challenge for us and practically we don't keep up continue.

Learning to not take profits too early is a matter of several things - having a suitable, well-tested on a demo account trading plan, trust on your trading plan and self-discipline. If you've got those, you won't shut your positions too early.

quote Or perhaps admit that there are cognitive biases that we will continue to get, but we wont act them out. One other way would be to ask yourself. . How would I feel later on, if I take my profits too early today. . ? Most likely you would feel awful later on, since you did not follow your egy and the border you've built in the egy. My egy is based on large risk:benefit (1:4) ratios, even if I take my profits too early, state 1:1RR, the border is gone. And that I feel a lot of egies/edges are constructed round the take profits and exits. Assessing...

Come to consider it, I have asked myself that question and the answers have been fairly mixed really. There have been occasions when my egy was bad and closing my position early was a good choice, and there are loads of other instances when I might have profited more - or never lost anything - if I'd only been patient enough to wait.

Set yourself an quantity of time in advance - for every position you start! Of course you have to asses the situation all the time but just have some limits.
There is no way (that I understand) to understand when exactly to take profit, if you find this trick you are able to sell it for a lot of $$. .
You will always regret not shutting a situation in time, there'll always be a better time to close it.

Forex is a matter of probabilities. While there is no way for sure to know when to have a profit, obtaining a proper trading and a proper egy that's part of the plan can definitely help with that. That's why one should not trade randomly.

I've got this habit of shutting my winning trades too early and keeping the shedding ones running till they hit stop loss. I really don't understand what is the principal problem with me for doing this.

I do the exact same and I repent after,un put stop loss,I don't even place stop loss,I only wait it to return since I'm following the trend,still iti s fruing and time taking.then do u do hedging? JOking

Forex is a matter of probabilities. While there is no way for sure to know when to have a profit, obtaining a proper trading and a proper egy that's part of the plan can certainly help with that. That's why one shouldn't trade randomly.

By trading randomly we won't find anything out of here without declines , but occasionally most powerful egies fail to work properly and don't get better result. This can be Called Forex trading however we've got to concentrated every faction about this.

A bird in hand is worth two in the bushes. Small wins accumulate. Along with the feeling of winning will provide you a stronger mentality.

A bird in hand is worth two in the bushes. Wins add up. Along with the sensation of winning will provide you a stronger mentality.

That saying is the ideal way of summing it up. I, personally, am not fond of risks. I prefer a little profit here and now rather than a large one tomorrow.