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If me, I locked my profit using Trailing Stop Loss. I never locked profit with hedging strategy because it will be reduced with spreadsQuote:
Originally Posted by fxquest
when you opened position right? So I prefer to choose Trailing Stop Loss than hedging strategy. But it's okay to use hedging if you knew
how to maximize profits and minimize losses.
yeh bohat hi acha concept hai kam loss honay kliyay and profit ko bhi gain kerna ka. as stop limit say to ap ko loss bhi itna nhi ho pata. and ap ka bonus bhi kafi safe hi rehta ha. but is kliyay sahi say learning jarori hai. k kis time sl lagaya jayey. as yeh sab kuch to sirf experience sa hi ata ha.
Recently i started to book partial profit in order to lock in profit, this i do by opening several trades and when i see they are in profit i close few of my trades if profit grows i close other trades and this way i book profit and reduce risk simultaneously.
yes i lock my profit always..
i am long trader and when ever my trade in profit more than 200 **** than i will lock 50**** profit by set trailing stop.
and when my tp is near to 50-100**** at that time i just change my stop loss below only 50****..
well friend take profit and stop loss are the main part of any trade.
we put stop loss for saving our account from more loss same way take profit is also for fix our profit.
we can not say what will happen in next second. so batter is that according to our analyses we close our trade and wait for other signal.
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 reverses then also our profit is in safe side
I never lock my profits while i am trading forex currency trading markets. I do not even know how to use it. Locking profits helps us to secure our profits while we are trading in case of reversals.
profit management is also something you should do . why then trade if you cannot trade well and keep your profits . wouldn't it be very futile to do all the analysis and make some profits only for the market to take back the profits it has given you and leave you with losses ? profit management is as important as risk management
ya im doing the same think in real trading many time i used to withdraw some my profit as soon as i get it so if i forget to stop that it wont affect me much.but use of stop loss is much easy and useful method..
Locking profit is very much necessary in the trading, because we all know that how difficult is to make profit, and once we are in profit we need to make sure that we never loose it again, money saved here is money earned.