How far though?
When do you decide to get out?
Do you move your stop loss to protect profit?
I know but just curious what other people do and why.
VielGeld
Experienced member
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What's you style? If you're a scalper, you might be satisfied with 5-10 pips at a time.
If you play swing, then you might want 100+.
The trick is to get experience in selecting trades that will net you the kind of R:R you're looking for.
It's all relative.
If you play swing, then you might want 100+.
The trick is to get experience in selecting trades that will net you the kind of R:R you're looking for.
It's all relative.
I know all of that. I am asking what people do and why. Is your r:r fixed or do you vary it. etc
darktone
Veteren member
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I mostly trade dax these days, but for me its about getting break even asap and letting things run. I dont think in terms of RR anymore, i concentrate mainly on what i can lose, If i can maintain that then at some point as below says, the market will compensate me.
As far as the 'knowing' things goes, well. The one thing i know about trading (and pretty much life in general) is that there is no knowing.
eminiglobex
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Personally I find it much easier to trade a method with a high win rate. Trend following type exits, (letting your profits run) can be more profitable, but it is psychologically harder, as generally speaking will have more % losers and gives back plenty of profits.
