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Question#risk-management
W

Wolf Cub

Trader · · 93 views

How do I protect profits on a winning trade?

My winning trades often turn into losers because I hold too long. What are the strategies for protecting profits?
👍🔥📈4 reactions2 answers
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💡 2 Answers

MH

Market Hawk

Trader · 15 days ago

Trailing stop loss: as price moves in your favour, move your SL up (for longs) to lock in profit. Common method: trail SL below each new swing low as price makes higher highs.

👍 15
TW

Trading Wolf

Trader · 15 days ago

Partial profit taking: close 50% position at 1:1 R:R, move SL to breakeven on remainder. This ensures you never turn a winner into a loser while still participating in extended moves.

👍 10

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