Trailing stops or closing a fraction of position?

[andys0506]

As title says, whats the best method to use?
Currently I trail my stops with 10-15 pips. Average trade is around 20 pips so I'm not looking for huge gains.
However instead of closing my entire position would it be better to say close half at my 'stop' level and let the rest run? Where should I then have my stop for this half - at original entry?

 

[foredog]

I'd be inclined to close half and run half. if you then move stop to BE or another point above BE then you have some profit locked in, alimited downside on the second half and unlimited upside.

I'm sure that over time the number of small lots you give back will be outweighed by the large gains on a few of the second lots

 

[lote_tree]

Close 75% of your position when you have reached a profit target of 3x or 2x your risk. Bring the remaining 25% of your position to break even. Once you've done that get up from your chair and go walk the dog, feed the birds or whatever you enjoy doing and don't come back to your desk until near the close.

This how you make good money without any fear or headache the majority of the time

 

[Grey1]

Close 75% of your position when you have reached a profit target of 3x or 2x your risk. Bring the remaining 25% of your position to break even. Once you've done that get up from your chair and go walk the dog, feed the birds or whatever you enjoy doing and don't come back to your desk until near the close.

This how you make good money without any fear or headache the majority of the time

SPOT ON ,,

Grey1