Do not stop the Profit when profiting in the market

[Funmife]

A common mistake beginners make is closing the transaction too soon, thus not taking advantage of the full profit potential. Trend last longer than they might seems at first

 

[Ozz]

Important to have your risk/reward plan in place.. Once it hits that, lock in your profit and let it run, see what happens.

 

[Doss32]

I don't think it's worth waiting out the position. Sometimes you need to close a deal urgently to avoid a large drawdown of the Deposit.

 

[Nuoimamyeuthuong]

All new member take Profit very soon
But don't take Lost

 

[trade]

A common mistake beginners make is closing the transaction too soon, thus not taking advantage of the full profit potential. Trend last longer than they might seems at first
i know this thanks for sharing with us :*

 

[whysoserious74]

Also don’t be greedy. Got to know the perfect time to get out of a position.

 

[nikolayvn]

i have been trading for 5 years and i used to trail stops it is not a holy grail but i think at some point taking profit is also OK the trend never last forever

 

[k9898]

Yes cut your losers short and let your winners run is kind of old advice but has stood the test of time. Locking profits if there's a pullback can help under certain circumstances though.

 

[jmd1982]

Slowly trail your stoploss (up or down) and if you get stopped out then the market always provides more opportunities.

 

[forexmanvn]

I think big mistake of beginners is not risk managament. If your style trading is scalper, you can close the transaction soon.

 

[elejaldetraderfx]

hello i am new to trading, is there any documentation you guys can provide to help cycle the process of learning?

 

[firehand]

does by setting traling stop once in profit can minimize loss?