Hey guys,
I think I've finally started to reach more consistency with my trading and starting to make a profit, but I'm still struggling with a few things, namely with taking profit.
I guess sometimes it depends on what sort of trading strategies I use, and how much potential is there for profit. In general, I'm a technical trader, with 3 key strategies - being Divergence, Trend Following, and Breakout. Nothing fancy!
Discounting "hyper trading days", where you get movements of 200 pips and above, I just want to get the crowd feeling of...:
a. How many pips would you be satisfied with booking? 20? 30? 40? 50? This would give you an emotional joy feeling rated.. say... 7 out of 10.
b. Let's say you sold out early - and it continues to go up - how many pips that you missed out on, that you would feel OK - i.e. if you missed out on another 20 pips... 30 pips... before you start banging your head against the wall.
c. Do you have any good technical strategy for exiting a trade?
Cheers guys
