What is your plan to ride winners? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Do you manage losers and let your winners run? 60 replies

Winners scale winners, losers scale losers 12 replies

What methods do you use to let your winners run? 38 replies

turn your 75% losses to 75% winners 47 replies

Why not let your Looser's ride ??? 12 replies

Attachments: What is your plan to ride winners?
Exit Attachments

What is your plan to ride winners?

  • #1
  • First Post: Jun 9, 2015 5:58am Jun 9, 2015 5:58am
How do you ride your winners?
I still find it mentally challenging to see a 50 pips winner and not take some or all of the table when it hits a key pivot point or when price retrace in the other direction.
  • #2
  • Jun 9, 2015 6:06am Jun 9, 2015 6:06am
Hi Stan,

Just a suggestion, Find the time frame holding the trend and when broken, close. Simple, yet effective.
Simplicity is the Ultimate Sophistication.
  • #3
  • Jun 9, 2015 6:10am Jun 9, 2015 6:10am
Depend on your strategy, if your trading system is long term, 50 pips move is just beginning of a move, and no big deal of that.
The only winner is the one who survive the longest...
  • #4
  • Jun 9, 2015 7:18am Jun 9, 2015 7:18am
It can be easier to let trades run when the position size is small. Another nice trick is to take partial profits and let the rest run. But if you do the math, you'll probably find that you are better off just trying to let trades run for hundreds of pips in the long run.
  • #5
  • Jun 9, 2015 9:00am Jun 9, 2015 9:00am
Quoting lemna
It can be easier to let trades run when the position size is small. Another nice trick is to take partial profits and let the rest run. But if you do the math, you'll probably find that you are better off just trying to let trades run for hundreds of pips in the long run.
Taking 50% partial profits and letting the other 50% run while moving stops to breakeven is nice. How would you manage your other 50% runner?

Quoting broketrader
Hi Stan, Just a suggestion, Find the time frame holding the trend and when broken, close. Simple, yet effective.
How would you determine if a trend is broken? A trend can be broken to 1 trader but can be a pullback entry for another trader.
  • #6
  • Last Post: Jun 9, 2015 9:09am Jun 9, 2015 9:09am
Attached Image
Simplicity is the Ultimate Sophistication.
0 traders viewing now