few profit turn into big profit
Hi Long Im in a bit of a dilemma wether to take profits or let the trade run for more profits .
I try and put my stop at breakeven as soon as i can to protect my account
The last three trades have all been in profit but have hit my stop loss at the end of the day.
my account is not growing the way i would like it to grow.
ps Im a spreadbetter here in the uk ( no tax to pay no commission to pay just the spread.
do no put stop at breakeven as soon as you can
you can put stop at candlestick open or high or low
next candlestick lower close or higher close then put stop to
open or high or low
you can choice one
and you turn few profit into big profit
this is GBPUSD daily chart
I am sell here and in profit
if I put stop at break even
price up and finally few profit
but put stop at entry candlestick high
and next bar close is lower close
then move stop loss to lower candlestick high
because break even is not candlestick open or high or low or close
if you use candlestick open high low close
then you can profit more profit