Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
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Chase Profit or Take Profit?
in Risk & Money Management
Posted
I think take profit is much better than chase profit.
What if you are chasing the profit yet you do not take or get the profit??
As a trader, you should know on what to do, and you should also know the strategies to use on making profit. You should be very determinate enough on what you do, and be wise enough to know what could help on making profits. Many traders would say that, it would be very easy, but honestly speaking, it is NOT. You have to strive hard, and study every methods and ways.