Do you lock your profit in your trades?

yes may jab bhi platform per mojood hota hoon to phir to may apna profit lock ker layta hoon laykin agar mjhe trade open ker kay kaheen jana per jaey to phir aesa nae ker pata. its always good to lock some profits. phir aap easy ho jaatay hain.

i am,sometimes appear regrets after trading, because actually we had expected the price would be better, but price is always the possibility of reflection going on, I hated it, so in my opinion is not wrong to lock the profit.
I read it too in currency trading by Mark Gallan, founder forex.com

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Originally Posted by ashvi

Yes, when am trading for a day, i make sure that i use trailing SL. Because of the unexpected events in forex we are not sure when the market would reverse to our open position during this the profits which we would have obtained would go in vain if there was no trailing SL set. Locking profits is one of the most essential feature to grow your equity.

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i think take profit and trailing stop are the tools that are used to lock the profit and they are very useful tool because after locking even if the trend of the market

there's nothing frustrating that watching you 200 pip gain trade reverse all the way to zero or even give you al loss. whenever i am in a profit position i usually and in most time s will lock in my trades ( asin profits and even let the trade go for a couple of days .

Quote:

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Originally Posted by ashvi

Yes, when am trading for a day, i make sure that i use trailing SL. Because of the unexpected events in forex we are not sure when the market would reverse to our open position during this the profits which we would have obtained would go in vain if there was no trailing SL set. Locking profits is one of the most essential feature to grow your equity.

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We got greedy every time we see profits because it is normal human nature to want more. More is always good than less...right? but in forex wanting more profits can bring a total disaster in our trading account...it is important that we will learn how to avoid being greedy in forex all the time.

Quote:

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Originally Posted by ashvi

Yes, when am trading for a day, i make sure that i use trailing SL. Because of the unexpected events in forex we are not sure when the market would reverse to our open position during this the profits which we would have obtained would go in vain if there was no trailing SL set. Locking profits is one of the most essential feature to grow your equity.

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yeah true what you say but perhaps we will not have any burden in our trade if we do not make the target of trade and I think with so we will be able to control emotions in our trade money management so it does not arise greed

Quote:

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Originally Posted by ashvi

Yes, when am trading for a day, i make sure that i use trailing SL. Because of the unexpected events in forex we are not sure when the market would reverse to our open position during this the profits which we would have obtained would go in vain if there was no trailing SL set. Locking profits is one of the most essential feature to grow your equity.

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i think its not important how much i made !! its more important for me how i can still make profit day by day even if its not big amount !! i am sure you will never be happy when you make 200% or even 500% of your capital in only tow or three days then i lose it in one hour !!
but i will be very happy and very honor in the end of month i look to my profits and feel how much i was smart to keep my account safe

totally agree maintaining your profits is what will make you grow your account . after all what are we trading for isint it profits so securing your profits with a trailing stop of moving your stop manually is what will help you become successful and profitable overall.

Quote:

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Originally Posted by ashvi

Yes, when am trading for a day, i make sure that i use trailing SL. Because of the unexpected events in forex we are not sure when the market would reverse to our open position during this the profits which we would have obtained would go in vain if there was no trailing SL set. Locking profits is one of the most essential feature to grow your equity.

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Both the kind of trading is good as it depends on the trading strategy of each trader.Some like to do day trading with few **** as their target and some like to do swing trading with more **** as their target.

Ya locking profit is the key that you want to get the money not just joking by opening trade without taking profit never think to break their reputation with only small thing like this and need to change the levels of trailing stop loss as well to make more profits.