KEEP MONEY
We all make money but has anyone have a strong strategy to keep the money we made?
Don’t you think we never talk about this?
Please feel free to drop your view and have a wonderful trading … !
I think there are two issues here:
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Whatever strategy we use it is wise to only take the top grade set-ups. Skipping the lower grade set-ups requires discipline but in trading less very often means more. Fewer but better set-ups gives us a better edge and therefore better profits.
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Proper risk and money management is the key to keeping more of the profits we make. E.g. not exceeding our defined risk exposure, not letting losses run, and not cutting profits short. We are trading probability and that means there will always be a mix of losing and winning trades. The key is to ensure that the value of losses is minimal and the value of the gains is optimal.
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Use trailing S/L to overcome the emotional challenges en route…
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Yes, I agree with your points.
Thank you very much and really appreciated for your feedback.
I like your pertinent point in number 1 last sentence. Noted…
Your point taken… Much appreciated… 