Do you lock your profit in your trades?

[james]

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?

yeah bro its very helpful to increas your profits i will help you to earn a lot of money buyt you need to place you stop limit corrextly because some times the trend hits you stop limit and starts to go into further profits so u need to place them correctly..

[YJSP]

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?

I always do it by move my stoploss, of course it should according to our analysis. If I can lock the profit and the stoploss is reasonable, theorily, I have more money, I can use my money on other pairs or trade more lots according to my money management.

[mayengbam]

yeah, i use trail stop to lock profits when my positions are moving with a trend. generally i defined the sl and tp targets to my position but when any of my position is going to touch the tp target i remove the target and instantly set a trail stop and let it run with the trend, it has become a habit now and sometimes i make big profits when a big trend is hit

[hotshotboyz]

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?