How do you decide whether to hold a trade for larger profits or secure gains early?
I decide based on my trading plan and market conditions. If the trade is still following my setup, I let it run for larger profits. If market conditions change or my target is reached, I secure gains and exit the trade.
I decide based on my original trade plan, market structure, and whether the reasons for entering the trade still remain valid. I try to avoid making decisions based purely on emotions once I am already in the trade.
Trade management is the process of handling a trade after entry. It includes managing stop losses, securing partial profits, moving to breakeven when appropriate, and letting winners run while keeping risk under control. Good trade management can often make the difference between a profitable trader and an unprofitable one. 💯🔥
