Should we wait for a trade to get over/close by itself or should I close it by myself?

Question

Clayton · Accepted Answer

What you are lacking in your technical training is identifying candlestick patterns (a group of candles) that indicate pro traders are about to take profits from their swing trading.Also using trailing profit stops assists you in gaining confidence and the ability to wait until the run has gone as far as it can without a retracement due to pros taking profits. The trailing profit stop is set at technical support levels based on your trading style. DO NOT USE PERCENTAGE STOP LOSSES. unless of course, you wish to be taken out by automated systems that search for such opportunities. Use the proper support for your trading style for trailing profit stops.But you still need to track the large lot pro traders and exit as they exit for maximum profits.Let your profits run, cut your losses quickly.Join one of my Quora Space Technical Trader’s Corner which provides weekly lessons on technical analysis topics.

Should we wait for a trade to get over/close by itself or should I close it by myself?

1 Answer

1 Answer

Should we wait for a trade to get over/close by itself or should I close it by myself?

1 Answer

1 Answer

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