Are there any stats or general information about the benefits of closing out the trading day after a certain level of profit? Has this shown to be useful in increasing profitability? Can that level be defined from current trading performance?
For example, if my average profit per day is 1k, should I call it a day if my profit is 1300? I guess std Deviation of profits is also a factor.
Or should you just keep trading, and any idea like this is just fear of losing profits?
For example, if my average profit per day is 1k, should I call it a day if my profit is 1300? I guess std Deviation of profits is also a factor.
Or should you just keep trading, and any idea like this is just fear of losing profits?