cup243
Junior member
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I never said you shouldn't hold a winner.
Let's say your target is 20 pips but your stop is 5.
You get into a long trade, it reaches 19 pips profit and turns back. Do you let it come back and hit your full stop?
I usually do 15pip stops and ~60pip targets. When profit rises to around 3 times my risk, I begin stop trailing. I actually don't have fixed target profits, I hold them indefinitely until they retrace a given %.