Partial profits: when do you take money off the table?

Closing half at the first target and trailing the rest is popular, but the split changes your expectancy in ways most traders never test. Sometimes a single fixed target outperforms; sometimes runners carry the whole system.

How do you split?

• your partial rules (half at 1R, rest to target, etc.)
• whether you've compared partials against a single exit on the same trades
• how partials change your psychology

The risk-reward and expectancy guide gives the maths for testing exits.