best time to take profit in Trading
Yes it's always fun if you can get profit with trading, and trading profit could be very tempting, because it's limitless, and I know that we must make a quick decision and be flexible with the decision,
but sometimes its hard to make that decision, because if we dont make the correct decision then we can lose money, sometimes the price can bounce back and sometime it continue to hit the bottom, I think every trade must ever had dilemma when want to take action
think if we can use the limit order function more often we can make profit. My formula is very simple and more reliable. When market is in a dip I decide to setup my buy limit orders into three or four different price levels and setup profit margins at about 20% accordingly to buy orders.
Don't forget to setup stop losses around 10% margin. By making series of treads we can get a net profit instead of one tread. It's only matters net profit at the end of the day Smiley