How do you handle floating profit?

A position in profit is a psychological minefield: the urge to close it now fights the plan to let it run. Floating profit feels like money you can lose, and traders behave accordingly.

How do you handle floating profit? — risk-reward diagram
A risk-reward ratio of 1 to 2

What's your relationship with open profit?

  • the rule that stops you closing early
  • how you manage the urge at each R level
  • the winner you closed too soon and why
How do you handle floating profit? — support and resistance diagram
Price bouncing between support and resistance

The risk-reward guide explains what early closing costs in expectancy.

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