Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?
If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
This is very good question and most of us get confused when our trade is going in profit and we don't know when to take profit and exit the trade. As you said take out your seed money and leave the profit so that your risk goes down to zero. Technically speaking price rarely goes up or down like parabolic manner but stop at Resistance and support. The best strategy is to take profit at resistance and make new buying at support. This way your can make profit consistently but you have to wait before price reaches on Resistance and Support level. Remember trading is the game of patience and nerve control.