Hi,
I am in the middle of putting my trading plan together but have a question.
I will give an example,
You have a trade running and just before you finish trading for the day (3pm) you see that your trade has nearly reached target. Would you move the sl to lock in profit so not to risk it but at the same time allowing for any reversal and not moving it too close or would you just let it run?
Or if you would do something different I would be interested to know.
Thanks
Mark
I am in the middle of putting my trading plan together but have a question.
I will give an example,
You have a trade running and just before you finish trading for the day (3pm) you see that your trade has nearly reached target. Would you move the sl to lock in profit so not to risk it but at the same time allowing for any reversal and not moving it too close or would you just let it run?
Or if you would do something different I would be interested to know.
Thanks
Mark