raising stops is the usual exit, but I found for me stops were
almost always tagged for price to then boom on up without me. So I
tend to take a third slice of the profits on an initial gain, and
then roll stops up, but will prefer to use hedges when stops are
tagged rather then exit the trade, or a combination of both...ie
one third as a stop and one third hedged at stop.
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Posted by saturn6 on 7th of May 2015 at 01:31 pm
raising stops is the usual exit, but I found for me stops were almost always tagged for price to then boom on up without me. So I tend to take a third slice of the profits on an initial gain, and then roll stops up, but will prefer to use hedges when stops are tagged rather then exit the trade, or a combination of both...ie one third as a stop and one third hedged at stop.