Would you take profit with 500pips profit or?

Ok folks,
might I suggest that now would be a good time to practice emotional control.

I know it's tough to turn the other cheek when someone {the Market perhaps} disses you but there is {I believe} a common objective among Traders and that is to move the emotional graph From /\/\/\ To ------

Lock in as much as you need to to ensure the Remaining Open Position cannot Cost you your Hard Earned Money. This is not a new idea but, like sharks, has been around for quite a while becuse it works.

Chart is up, looks like the short has to wait longer for profit.

Yap Bemac, locking in profit sounds good. Added SL on trade 1 to +300pips.

Trade 1 +707 0.5 lots
Trade 2 -96 0.2 lots

If you are a pro why are you asking?

i'm not big on hedging. you just spent 6-8 pips to do what you could have done by closing a portion of your initial trade.
IMO i would move stoploss every day to 10 pips below previous day's low. when you get knocked out wait for the audjpy to drop again and wait for a break of previous day's high.

oh and congrats on that trade, but do not get a big ego. that is the absolute worst thing a trader can do. we are all humbled by the market.

I know some consider it bad form to simply agree with the Posts of Others but...
Ditto !

Tis good advice, even if you can try it with a bit of sarcastic remark (not that it is), it will seem kinder words to a noob (haha). I've seen worse remarks.

What system did you use?