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Taking Partial Profits - Is it Profitable?

  • #21
  • Edited 2:27am Feb 19, 2011 2:09am | Edited 2:27am
I should have known better than to open my big mouth... Like Nasir said and gspajon apointed to it just depends! For me personally I just prefer to be all in and all out. I would only consider it if I'm holding a trade longer than the intraday. THATS JUST ME

I shouldn't have said its ridiculous because again its such a personal thing that whats ridiculous for one strategy or trader may be maximising profits for another.

This is the reason I end up deleting half my posts - its hard to comment on trading in general becasue in the end we all trade so differently. You can't limit things to a specific statement or belief, if I did this I would never have known what I do today.
Time hides Nothing
  • #22
  • Feb 19, 2011 2:09am Feb 19, 2011 2:09am
Quoting gspajon
Admittedly this is a trend follower's strategy and is most successful on larger time frames. For those that trade nano tick charts I don't know if this would work but cannot see why it wouldn't. Its really a matter of perspective.

In answer to the original question: "Is it profitable?" I answer a resounding, "YES! it is extremely profitable."
What is a nano tick chart?
  • #23
  • Feb 19, 2011 2:49am Feb 19, 2011 2:49am
From what I tested so far, taking partials increases the win-rate, but decreases the profitability.
Of course I only tested a limited amount of net-profitable systems, but I think it makes sense.
  • #24
  • Feb 19, 2011 8:36am Feb 19, 2011 8:36am
Quoting Custos
What is a nano tick chart?
A Daily and Weekly chart trader's sarcastic view of intraday and/or tick charts. From my point of view these are microscopic or "nano" charts.

Using a comparison of the human body, my point of view is to look at the entire development of the human body, while a day trader's point of view would be to examine the body at the molecular level. I don't need to know the function of the kreb's cycle to know that the body metabolizes food. Likewise I don't need to know what's going on tick by tick to know the market is moving in one direction or the other.

Same body, just different processes.
  • #25
  • Last Post: Feb 20, 2011 3:07am Feb 20, 2011 3:07am
Quoting Special One
Taking partial profits is useful to reduce drawdown.

There is good technique by PeterCrowns for partial profit taking. He suggested to close half of our position at 1:1 RRR and let the other half to aim big profit.

Moving SL to break even is not a good practice, imo. We should only move SL after new S/R is formed. Moving SL to open price means moving SL to the middle of S/R. So, partial taking profit is better.
that is correct!
by taking partials,
you reduce %DD
but also your reduce your profit :-)

please, do not forget to vote at the top of page ^^^^^^^^^^^^^^^
so we can all know what the majority think
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