When to close your position when in profit?

Technical analysis is not an exact science, so these things happen occasionally. It’s important to be prepared for them so you can mitigate your losses and continue trading.

Agreed. And your risk/reward should make sense - no point in getting in a trade with 300 pips SL and 20 pips TP.

one can have a plan, but when in doubt just close the god damn trade in profit. as long as its profit then its good, yes it can be annoying thinking that you could have had more, but it would have been worst if the trade changed direction and found your self in lose, so go with the less evil here… LOL

Agreed :slight_smile: go for it!

Getting profit is most goal among trader, but risk always there in trades, as trader they can’t only relying with “bejo”(lucky), and required good learning and required long years maybe to become profitable trader, certain trader prepared skill through demo more than two years.

Hi Jessica,

You can find a good trading book at this link:

http://marcelm.nl/Van%20Tharp%20-%20Trade%20Your%20Way%20to%20Financial%20Freedom.pdf

It helped me to put a lot of peaces of the trading puzzle together and it looks like you are trying to do that.

time frames, hmmm this is just a personal opinion i hope it helps, it really depends on your style of trading, if u scalp a lot, like basic hit and go then you are bond by the m15 and m30 time frames, if its swings then maybe its the 1h and 4h time frames, position traders are more of a 4h 1d 1w time frames, personally im more of a 4h 1d trader that tends to look into the 15m from time to time. sorry if its a bit confusing best of luck

I would say that we have to learn how we can do trading and also get a good and reliable income from our trading. I prefer to use the H1 and the M30 time frames as they are more suitable to my trading needs.

:smiley: have you ever earn money from slippage? I have lost money but havent earn any penny from that.