Quote Originally Posted by ;
A good method I discovered for optimizing profits is having a trailing stop loss after it has reached my target profit. By way of instance if I reached my target profit but believed that it could potentially rise higher, and that I might make more of a profit, I'll place a trailing stop loss at the point, so if it moves up I make money, and if it drops, the cease closes it out automatically.
This is exactly what we all do and as for maximizing profits and minimizing loss, check out for patterns, pay attention to PA, . .what Hanover said is spot on.