How to deal with big floating profit?

Hi,
I have a system I frequently loose small trades, but when I win, I win big.
To give an example 100usd can become 3000usd or more (yes I take risk, I loose often but when I win it's big).
I try to ride big trends/moves, adding trades to the winning position...
Yes, when I see a pair moving by all the day up, I "bet" it will continues. And when it does, it continues to move straight and big, sometimes...

Anyway, sometime I have to deal with big floating profit. Profit goes up quickly as the trend continues and continues (sometimes).

The problem is where should I close and cash in. You never know. When you deposited 100usd and you see 1000 or 2000 or 3000usd floating profit, you are tempted to close, and you don't know.

Do you think it's better to have a fixed goal that suits me, like 3000? Or do you think I could trail the whole floating profit, say if max profit was 3000, I set an EA to close all if profit goes down by 30%, from its top? In this case I will never end with max profit, on a good spike, but I will ride as much as possible until it retraces?

Thank you for your help.

You really just have to know what rocks your boat.
Trailing doesn't sound like a bad idea but nothing beats having a set goal, It has an extra sense of satisfaction to it.

You should have an exit strategy before you enter a trade, you cannot decide how to exit after you enter the trade since your emotions will get to you. It doesn’t matter what the floating profit is, if your exit plan tells you to wait, you wait. You can exit above the market i.e. targets, or below the market i.e. stops. You’ve to figure out an optimal mix of the two.

FYI, having a fixed dollar amount as a target is a bad idea, pros don’t trade like this at all, they let the market tell them when to exit, not their balance

Hi elvis1

Don’t listen to anyone. Few traders are capable of watching an amount grow to a large amount from almost nothing and not close it early. Those same traders would have brought bitcoin for almost nothing then cashed out at 1 cent. That’s millions they threw away.

But if you want to hear my opinion even though I recommend you don’t pay attention-
If the chart looks strong, stay in.
If the chart looks wrong, get out quick.

Most standard money management systems just give you small cuts, causing your equity to bleed to death.

You Rock

After opening a position (long or short, on the market or in Forex - it doesn't matter), depending on where the price has moved, you get either floating profit or floating loss.
Usually, a floating loss occurs immediately after opening a position (it is equal to the value of the spread), and a floating profit appears when the price starts to move in your direction. The adjective ""floating"" in this case indicates that profit or loss is not fixed and in case of fluctuations the prices easily flow into each other. You can fix a floating profit or loss by simply closing a position.
As long as a position isn't closed, profit or loss on it changes along with the price change of a traded financial instrument (loss can flow into profit, and profit - into loss) and therefore are called floating. Once you close a position, the floating profit (or loss) becomes real.
You should keep in mind that a position can be closed not only by direct order of a trader, but also by the broker's decision. The broker will close the position itself by margin call in case the paper loss reaches a value comparable to the margin provided to you (usually more than 90% of all funds in the trading account). Naturally, in this case the paper loss will also turn into a real one (deposit loss will take place here).

Do you think you should continue in the same direction? Because you're inspired by the profit you make, it's true. But is it worth the losses that you get as a result? In fact, I understand that you chose something that brings you emotions and that makes you still do this business.
But I think all you have to do is try to change your strategy so that you can start moving more calmly and relaxed. Yes, it is extremely difficult. I understand, because it's easy to give advice, but it's much harder to face reality.
But I think that if you understand the market well and if you understand that you've stopped at one place, then you definitely need to change something.

Hi,
Thanks all for your replies.
I can't answer to each one, but I take into consideration all contributions.

Hi nim1984. To be frank I don't mind how pro do. We don't have same risk appetite, goal, patience, money, informations, you can't compare. And not all pro win money...
i just try to observe and follow the trend they feed ;-)
Also, about having a plan and following it, my system doesn't work like this. It keeps adding to the winning position... so as long as trend continues it makes bigger and bigger.. but sooner or later trend changes.... And despite all you can read, the price can do anything anytime, nobody can't know, especially when the price moves say 50 pips it's nothing, it's just "noise", but it's big for my system as I leverage much.
Even the greatest traders can't know if price will touch +50 or -50 pips from current price in the following hours...
That's why I don't mind. I just follow the trend, and I bet it will continue. If it does not I lost my bet.

So I have to deal with 100usd balance growing and growing. When I see 1000, 2000, or 3000, I must act the best to close in these zones but I don't know exactly how. I look for the less worse solution :-)

That's why I just need to think in term of money and balance. It's what feeds me. S/R and other bullshits don't feed me :-)

to get that floating profit. That means the risk must also be great. Sometimes, if you burn more than one account, you will be lucky to have a very profitable account. But that is too reckless

It is definitely better to strive for a fixed profit. This will save you from the situation that is happening now, because at the moment it is more like a feverish excitement attack, you are playing trading, not doing business. Of course each of us has profitable days and crushing losses. But it's one thing when you're in this situation because of slippage or the excitement in the market. And it's quite another thing when you don't leave your own way out and create situations that lead to similar results. Why do you make money? To lose later. In my opinion, sooner or later it will lead to losses that you can't cope with...