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    Thread: Take Profit is Worthy?

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    1. #1
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      Default Take Profit is Worthy?

      Hi Traders,

      Lets share your opinions here. All of us talk about the importance of stop loss but take profit is given less importance.

      Share your experiences about Take Profit.

      I lost more than 100 pips today just because I had not set the Tp. The market went down to more than 100 pips. I was away from computer for 2 hours and market came back to original order price. I was lucky that I came back just at right time to close the trade at 1 pip Profit

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      Frans Frank (02-25-2013)

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      to take profit I put between 20-50 pips per day with a stop loss to 100 pips during this often hit my stop loss may still have to learn again for a good price analysis

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      true, good analytical and disciplined with money management, I also have a larger SL, compared with TP, I'm still looking for a strategy that fits with me

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      Quote Originally Posted by trix View Post
      true, good analytical and disciplined with money management, I also have a larger SL, compared with TP, I'm still looking for a strategy that fits with me
      im agree with you, but why did you put more SL?
      what is the benefit from it?

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      Quote Originally Posted by indrayan View Post
      im agree with you, but why did you put more SL?
      what is the benefit from it?
      well i agree with you.......
      I think when you want to go out side and you do not want to lose you pips then you should use trailing stop at 30 pips so that your money should be safe....
      thank you for your post..

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      Quote Originally Posted by silenteyes View Post
      Hi Traders,

      Lets share your opinions here. All of us talk about the importance of stop loss but take profit is given less importance.

      Share your experiences about Take Profit.
      Mmmm, for me stop loss and take profit is hand in hand...
      It's like a left hand and a right hand, both complement each other...
      Now I mostly used 20 pips stop loss and 40 pips target...

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      two things I think just as important.
      take profit equal to a position that was supposed to exit at the beginning of open positions.
      with the hope of getting maximum results.
      There are two forms:
      1. TP fixed.
      2. dynamically follow the movement of the SNR.

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      Quote Originally Posted by silenteyes View Post
      Hi Traders,

      Lets share your opinions here. All of us talk about the importance of stop loss but take profit is given less importance.

      Share your experiences about Take Profit.
      I think when you want to go out side and you do not want to lose you pips then you should use trailing stop at 30 pips so that your money should be safe

    10. The Following User Says Thank You to swift2000 For This Useful Post:

      Frans Frank (02-25-2013)

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      Hello silenteyes, Take Profit is very important for me. I always put Take Profit after opening my deals, it is very important to put TP and SL.

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      It was my mistake as I forget to put a TP at 80 pips, or this trade would have been a positive one. This has a lesson for me and I will not repeat the mistake again. Mistakes are there to be learn.

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