Quote from: chikading2016 on August 09, 2021, 08:53:06 PM

Quote from: Zilon on July 27, 2021, 05:39:52 PM

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss. And in situations where the trader fails to apply stop loss there could be chances of blowing off ones account. A profit taken is better than a loss made no matter how small accumulation of smalls makes a mighty bulk.

Have you considered taking profits of $1-3$ repeatedly throughout a trading session it might sound small for professional traders but it would go along way in growing an account most especially for beginners. If a trader cultivate the habbit of taking profit during trading he would have an upper hand over the market and also get clearer pictures of better entry points and also be on alert on when to exit especially during retracement.

Well in my opinion I think it is good if you will get a small amount repeatedly because at the end of the day it will end up like a big amount of profit. So I think there is no issue about it small profit and big profit is the same profit so we need to grab it, many of us loss because we wait for a big profit but at the end we loss.

it's true that we are looking for profit, so it doesn't matter if you want a small profit or a big profit, but if it is many times the small result will be big. It depends on how we manage finances. What is feared is losing many times.