What does locking in profits mean? how do you do it?
Results 1 to 4 of 4

Thread: What does locking in profits mean? how do you do it?

  1. #1
    I hear a lot of individuals say things like, take profits in his level and allow the trade run ie lock in profits. How do you do so? Is this just a case of transferring your stop up to his level and trail the remainder? Or is there any way you can litterally take profits? Utilizing Metatrader 4

  2. #2
    Quote Originally Posted by ;
    I hear a lot of individuals say stuff like, take profits in his level and allow the trade run ie lock in profits. How can you do this? Is this merely a case of moving your stop up to his level and track the remainder? Or is there some way you can litterally take profits? Using Metatrader 4
    Yes we could take profits by moving SL (trailing stops ) to BE or BE couple pips Or Close 1/2 or 1/4 on special levels while holding the remainder , etc..

  3. #3
    You are basically locking in the profits, as others have suggested, use trailing SL. .

  4. #4
    Quote Originally Posted by ;
    I hear a lot of people say stuff like, take profits in his degree and let the trade run ie lock in profits. How can you do so? Is this just a case of moving your stop up to his flat and trail the rest? Or is there some way you can litterally take profits? Utilizing Metatrader 4
    ie. Close portion of your place and proceed SL to BE ... you are now using a risk free standing.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.