View Single Post
  #433 (permalink)  
Old 01-08-2008, 12:43 PM
linalm linalm is offline
Newbie
 

Join Date: Jan 2008
Location: USA
Posts: 19
Default About handling the take-profit part of a trade

Hi everyone,

After reading this thread, I still have few questions regarding how to handle the take-profit part of a trade:

1) Do you enter the trades without take-profit orders and glue yourself to the screen watching price action until you manually close the trades at the appropriate time for you?

2) Do you place a take-profit order when you enter the trade instead? If so, and the trade is a winner, what do you do to ride the favorable wave and collect as many PIPs as the momentum gives?

3) Any other things you do? If this is the case, your detailed explanation will be much appreciated.

Thank you in advance for your input.
Reply With Quote