教育

BIG TIP OF THE DAY - Ride Winners and Cut losers

BIG TIP OF THE DAY:

If you want to ride up winners, lock in profits and reduce losers here is what to do.

1. Place your Entry Stop loss and Take profit
(But have a TP 2 and TP 3 in place).

2. When the price approaches TP 1
(Close half of your position and move your stop loss to Breakeven)

3. When the price hits TP 2
(Close half of your position and move your stop loss half-way)

4. When the price hits TP 3
(Close your entire position).

This is how to ride your profits and winners.

Timonrosso

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)

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Timonrosso

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