Take partial profit in swing trade
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HI to all,
How to take partial profit of a large swing trade of weeks even months.
Ex. every 25 pips of profit take 20 as partial, other 5 when reach 25 the same, and so on.
Thanks. -
@ericzapata Not sure I fully undersand. Do you mean taking a 20% partial close 25 pips? Some more info would be appreciated.
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@l-andorrà
Ok, Sorry for my english,
No 20%, 20 Pips from 25 reached.
If a trade reach 25 profit, can take 20 pips of profit and leave trade open with 5 pips increasing? when 5 pips reach 25 pips do the same. And so on. -
@ericzapata This is a weird profit strategy. I don't see how decreasing the SL distance will make the trade more profitable. If your trade is now just 5 pips below current price after hitting 25, how can you 'take 20'?