Disliked{quote} Ideas on when to bank half and move to BE? At how many pips in?Ignored
just when it falters for the first time just bank half move other half to BE if you haven't already, could be as little as 5 pips,the idea being no more entries without some profit. Then let other half run especially first thing in morning when we can expect some bigger moves to start..
The other way is alla Pres78 when he use to take say 10 pips from the first pust then move his other halfa stop to -10 or whatever he had banked. That way you've got a nett BE trade but allowing it to pullback to your entry without stopping out. This also allows you to put stop behind the original level you traded so every chance of it surviving, whereas when I move stop to BE on my entry theres no such level to protect my stop...
Try both out see what happens....
Also if you have caught the start of a trend and it continues to give you a 2nd entry then you've banked one whole position and you are holding a whole one going forward..
Feel the Fear and do it anyway!!!