Am a new trader and I would want to know how I can maximize my profit and minimize my loos, can any one please tell me how to go about this? Thank you very much.
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DislikedA good method I found for maximizing profits is by using a trailing stop loss once it has reached my target profit. For example if I reached my target profit but felt that it could potentially rise higher, and I could make more of a profit, I'll set a trailing stop loss at that point, so if it goes up further I make money, and if it drops, the stop closes it out automatically.Ignored
DislikedFocus on learning how and why price moves, and you will make money. Focus on how to make money, and you will go nowhere.Ignored