DislikedSo how do you usually manage a trade? Do you wait till it hits your target before you take profit or move SL to BE? Do you do as James does and move to BE after so much gain? Just trying to figure out how to make a failed trade into at worst a small lose or BE. Thanks Mike.Ignored
I wish I had a simple straight forward answer for you but it's just different each time. I have basically 3 main categories of trading as I see them and break them down and each one tends to get looked at as it's own scenario by which I evaluate how to best manage the trade as I see fit. I wish there was a clear summary but combined my 3 methods have about 10,000 posts alone in q&a in the pf so you can imagine there's no short answer here.
Best
Mike