Locking your profit in your trades...

[misik]

Yeah dude i also want to locking my profit in my trades cause i want to reinvest my profit in forex trading. I want to handle our capital properly for reduce the risk level become profit. would you tell me the best way for locking profit?

[FXAvengers]

It is still a good trading strategy even if you only closed the profit with only 50% but much better if you can closed it near to the maximum profit just improved your trading strategy

[sugadude]

I dont things like that, if I could make profit 20 pips, I just close it
I never keep it open, whenever I go to sleep I never let any position
open to avoid negative swap

[bisifentus]

I only lock my profits when i am in a very strong long term trend , and i uses my trailing/ stop loss to be a t 70 pips interval before it reaches my final target. It has truly worked.

[munabbir]

Locking profit seems a new phrase?
Some traders use Stop limit/ Trailing stop to secure their trade.
If one of your trade go on profit, you can set a stop limit, so that if price try to cross that point, trade will get close with profit.

Imagine one of your trade is in 20 pips profit. If you set stop limit of 10 pips, if your profit reduce and if it come at 10 pips, your trade will close automatically with that profit.
Anyone do this in trading?

it is a very good technique to keep your trade safe from loss. i often do it with my big trade. when i take a lot of risk then when the trade goes positive i set a stop loss like 5 pips or 10 pips above the open price and wait for big profit. it is safety that my trade can't go loss.

[limit]

i`m still prefer using stop loss profit than Trailling stop because it rarely hits my stop loss.I am comfortable using it.

it is great
takeprofit stoploss and use as a way to manage your account and avoid risks from the market but I can not learn it from a demo account because I used to breakout rule

[Dark Era]

Okay. Before I read this topic and then last week I tried it. Its really good thing cause by this process we can lock our profit if market is going to wrong direction after showing us some profits. But I think from this process stop loss and take profit is more safe in most of the cases.

[deadgroup]

Scalpers fix not padlock incomes in their skills lone extended period dealers fix consequently to extend their trades. Though i fix not similar this knowledge.

[drdeepakji]

Locking profit seems a new phrase?
Some traders use Stop limit/ Trailing stop to secure their trade.
If one of your trade go on profit, you can set a stop limit, so that if price try to cross that point, trade will get close with profit.

Imagine one of your trade is in 20 pips profit. If you set stop limit of 10 pips, if your profit reduce and if it come at 10 pips, your trade will close automatically with that profit.
Anyone do this in trading?

this is crucial to put stop limit or take profit..many of time u reverse your earned money to the extent u go to the loss..i think manually raising the stop loss limit is the best way to prevent this..

[ahsankhan]

Locking profit seems a new phrase?
Some traders use Stop limit/ Trailing stop to secure their trade.
If one of your trade go on profit, you can set a stop limit, so that if price try to cross that point, trade will get close with profit.

Imagine one of your trade is in 20 pips profit. If you set stop limit of 10 pips, if your profit reduce and if it come at 10 pips, your trade will close automatically with that profit.
Anyone do this in trading?

i think sometimes i lock my profit mostly 40 pips in major pairs when my trades are positive time by time i change my stoploss to secure more and more profit.