Hi Guys
Hope we are all well, just a quick topic for night. Do you simply look for 10 pips maybe 20 PIPS at a push or let the trade play out following a plan ie trail a stop behind MA.
Just a thought
You need to know what your entry, stop loss, and take profit is before you place any trade, period.
2 Likes
Hi, backtest and statistical give me answer about SL and PT 
Regards Greg
Everyone is different and we all trade differently. We trade at different time zones and we trade at different time ranges. What may be feasible for someone may not be the same for the next person. You might chase after 10-20 pips and I may chase after 100-200 pips. That is besides the point and not the important factor when opening a trade. Why did you place the trade and what are your entries to enter/exit out the trade? Whatever your plan dictates you follow it. It’s that simple. If you don’t know why you entered a trade and what areas you’re looking to exit whether the trade goes for/against you then you shouldn’t open your trade unless your PLAN/STRATEGY says so. Your plan will tell you how many pips is sufficeable.