Help:How not to loose any wnning trade

Beginner Questions
1

Generally i trade S&R. So, i enter trade and set my target using S&R, fib level and nothing else.I am a day trader and I trade M30,H1 chart.I use M5 for entry signal and M5 fractal to move my stoploss manually.but I always loose the targeted pips…ie: if i have analysed it to reach 80 pips it goes 70 pips then pulls back and I loose my target because my stoploss gets hit.I am frustrated with this happening to me again and again.What can i do to overcome this type of problem?

I dont wanna sit before my monitor all the time as my trade set up generally takes 2-4 hours to get completed and thats a loong time to just sit and watch my trade.My main reason for not to sit before my monitor is I always get emotional sitting before my monitor and so i loose more trades just for following my guts.

2

If you target is 80 pips then take 50% of your initial position around 40 pips and move you SL to B/E and let it ride to 80 pips or more…

3

Scale out of your trades.

as an example:

Close 50% of your trade at 50pips profit, and 50% at 80pips profit.

Play with the paramters of your scaling operations until you are satisfied with the results and no longer feel like you are “missing your targets”.

It’s a common problem, you are not alone!

4

Also, consider just setting your take profit at 50%-75% of what you are doing now. The issue could be that you are targeting the absolute high/low of the S/R, when price is more likely to hit 80% of that distance. Good Luck!

5

a lot of good advice has been given here. It all really comes down to trade management, yes its possible your setting unrealistic TP targets. But even if they arent just because the market is offering you X amount of pips doesnt mean its going to give you the entire lot. You just have to take what it does end up giving you. Now I also have been struggling with trade management, actually it is one of my larger weaknesses. Scaling out and trailing your SL are great tools. But I think that you should back test the effectiveness. I know for my system, if I move my SL to BE to early, it costs me a signficant portion of pips. SO instead I will just Scale out of PA looks bad, this does 2 things, locks in profits and reduces my risk if it does come back down to hit my SL. Now if price is a significant distance away then i can move to BE safely and enjoy the ride to my TP risk free. Just remember everyones system is different you have to find out how to manage your trades that are provide the most profit and reduce the most risk depending on your system

6

Thanks everybody,
I think I am going to target 80% of my desired pips and going to start lock in some profits on the way to the target.

7

Why does nobody talk about trades what go to +20 profit then turn to negative? Where is the risk management? It is alwasy better to miss some pips than loose any, is not it? Work on your trades when they are happening. If you do not like to sit front of your computer then do not do that. Set your trailing stop and be satisfied with your gains. You say it influences you emotionally when you are sitting there. So be a man, overcome this problem instead of try to hiding from it. Problems have to be solved because this is life and if you avoid bigger ones will come. These are for make you a better person.
From second hand just imagine those poor workers sitting on even standing all the time of their working hours with pocket money. So take your time be with your trade, manage it and be satisfied what the market gives you. When you are actually in a trade do you know for sure where the price is going? After it do not look at what have you missed. Look at what you got and be satisfied. Also think, even if you gain 1 pip, 90% of traders loose. Greed is your enemy and if you concentrate your missed pips … I do not want to continue this.
Peace and trade well

Hope this help

a NEWBIE

8

On strategy I have used successfully off and on for a long time is to always maintain a 1:1 RR.

For example, if your initial stop is 40 pips, and your target is 80 pips, thats 2x reward for 1x risk

120 pip total movement possible…the stop, plus the target = 120 pips.

So, lets say the trade moves in your favor 40 pips. You are now going for a remaning target of 40 pips, but your potential risk is now 80 pips! (the 40 you already got, plus 40 more to your stop)

So, in that case, move your stop to BE. now, you are risking 40 pips paper profit, for a remaining potential 40 pips of reward.

Lets say it moves another 20 pips toward your target…in other words…you have 60 pips of an original possible 80 for a target.

At this, you have 20 pips more to potential gain… you should make sure you are not risking more than this! So, move your stop up 20 pips behind current price (which is about +40 pips)

Lets say it moves 10 pips closer to your target…you now have 70 pips out of a possible 80. So, move your stop to +60.

You could potentially gain 10 more…so don’t risk any more than 10 additional from where price currently is!

when your 5 pips from targe,t your stop should be 5 pips from current price. Risking 5 to get 5 more.

When your 2 pips from target…your stop should be trailing so darn tight you get stopped out at +76 pips a lot…

I get stopped more than i actually hit my profit target this way. I get stopped out about 80%+ of the time.

HOWEVER, I capture the vast majority of the move to my original target…i never let a decent winner become a loser, and I have a mathmatical methodology to keep a well balanced risk reward at ALLL times…not JUST when i started the trade.

Create a situation where you don’t have to be 100% right to make money. If your 80% right…you should make at least 50% money. If your 60% right…you should walk with at least a small profit.

It’s not about hitting some arbitrary pip target. It’s about making money, and not losing money. This stop trailing method i laid out above will give you more of both - making money, and losing less.

Just a thought…

Jay