Maximizing profits is one thing I wanted to learn in trading. After got some profits from trading I have alwasy a tendency to cashout sometimes rather than invest or reroll it as capital on trading again since Ive got plenty of experience losing those profits than cashing them out instead. I like the strategy but isnt those are general advise.
Maximizing profits most of the time has to deal with the traders psychology than his strategy self, just like you have put it out you will simply re roll back your profit as capital and lose it back to the market because you were so confident on your strategy this time that you don’t believe it will be hitting stop loss. This time you will need a very good psychology to simply stay within the risk management you started with, which is one of the hardest things to do as a trader, for me maximizing profits isn’t all about putting in more capital because just one single loss will lead to liquidation but it is about making the most of the little capital by sticking to a proper risk management of not increasing leverage or even adding up your profits as capital.
This is the problem many traders are having, they want to flip their small account size to a big one just as you said it here. They will think of using high leverage and be very impatient. This is how their accounts will be getting liquidated every time. So instead to be making money, they will be part of the 85% of traders that are losing.
I think it is usually a trap set by those so called mentors or influencers who usually flaunt their assets to the public, this makes newbie traders feel like once they get profits from the market the next is to actually maximize it or flip an account. Usually a trader that is after flipping an account usually lacks proper risk management because aside increasing their position size from the previous ones they were using they usually fail to add stop loss or even apply their full risk management. This is the kind of traders you see even doing the revenge trading after few losses just to get back a the market