Do you lock your profit in your trades?

[deep]

Many traders loose money in the trades which are already in profits and traders do not book the same due to greed and want to earn more profits so it is better for them to lock their profits in this case by using trailing stop loss for their trades.

[deep]

I do not lock my profits in my trades because I do not like to be disturbed by a trailing stop. If my target is a large target, I will prefer to let the trade run to hit or to hit the stop loss instead. Trailing stops can know you out of a good trade if they are activated too early.

[3mala]

But most of the time I trade without using any take profit and stop loss tool. lakin mein ghalat kerta hoon yeh nahin kerna chaiay kum se kum stop loss ko zaroor istamal kerna chaiay and take profit option hum jab chaian lah sekhtay hain.

[Jackdoson]

Its a good strategy to earn more...I believe ..I never use this. I use stop loss and take profit. But now I will apply this.

[3mala]

Yes trailing stop in the best option but its work when you are in profit and you use it for more pips profit and this will help to stop the profit converted in to loss. means it will safe your remaining profit.

[will]

It's depending on style of trader, is it needed to use lock profit strategy or not? For scalpers, it's no need at all to use lock profit
strategy but for intraday traders, lock profit could help us to prevent losses after floating profit while we wait for price to move
in target profit price.

[hitesh]

if that price is moving up and down, I also often do headging (can lock in profits)
then we can withstand the volatile price spikes, not only that if we can lock the profit, we can also carry out other transactions we jasi freer trade preformance

[kaji]

I try to lock my profit .it is safe and definite profit taking technique.Without it you are uncertain and confused what would be happen/ is there will be a loss or profit? So I make my self relax by limit it in some pips in my trades.

yes, by locking the profit using trailing stop or put the TP on our trade would make us more relaxed. we will not be haunted by a sense of fear we will lose profit if the price reverses direction quickly...

[Nabi Ahmed Gill]

Locking profit seems a new phrase?
Some traders use Stop limit/ Trailing stop to secure their trade.
If one of your trade go on profit, you can set a stop limit, so that if price try to cross that point, trade will get close with profit.

Imagine one of your trade is in 20 pips profit. If you set stop limit of 10 pips, if your profit reduce and if it come at 10 pips, your trade will close automatically with that profit.
Anyone do this in trading?

yes of course main na kafi profit earned ka ha abi tak trading ka or main abi be boht sara profit eaneedd karana chata hoon es laya to main both sari trading karta hoon or karna chata hoon es laya to main trading kar rhaa hoon or maujaj trading karna obht he achca or best lattta ha.

[Gecko]

I do not understand using a lock-profit, how do I use? Please share your technical use of lock-profit or trailing stop .. I often read a few money management strategies that use take profit and stop loss, trailing stop is also used, but to this day I have never used it.