It sounds like you are a short term scalper, as I am attempting to be.
Basically, over time, and many recorded trades that you can analyze... you are going to make decisions to sometimes give up your profit for more profit. Obviously, other times, you will not.
So now that you presumably have your stop loss and position size down...start thinking about trade management (whether to hold longer or take profits) based upon:
1. current volatility
2. time of day
3. "strength" of whatever is your signal
4. price being near high/low, pivots, or psychological levels.
5. price being near support/resistance
These are the things I am trying to consider .... to add more "depth" to my scalping.
( For example, I try not to enter trades near round numbers, or pivot points because of higher volatility around them ...though I will attempt to hold trades so that my exits will be near them, because I believe price is drawn to these over time. )
My 2 cents... Good Luck!
Basically, over time, and many recorded trades that you can analyze... you are going to make decisions to sometimes give up your profit for more profit. Obviously, other times, you will not.
So now that you presumably have your stop loss and position size down...start thinking about trade management (whether to hold longer or take profits) based upon:
1. current volatility
2. time of day
3. "strength" of whatever is your signal
4. price being near high/low, pivots, or psychological levels.
5. price being near support/resistance
These are the things I am trying to consider .... to add more "depth" to my scalping.
( For example, I try not to enter trades near round numbers, or pivot points because of higher volatility around them ...though I will attempt to hold trades so that my exits will be near them, because I believe price is drawn to these over time. )
My 2 cents... Good Luck!