Usually based off of a maximum potential loss per trade, and profit is impulse wave based and overall market dynamics.
I freely admit that letting my winners run is something I still can improve more, partly because of how I trade fixed unit trades, it is hard to pass up $100 profits and just close the trade of say 15k units. And then re-enter my new trade.
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Had an ok week, still adjusting my trades after only been trading for the last month and a half after taking a break to invest funds in stocks from my last cycle.
I didn’t expect much on a Friday, I mainly trade Tuesday through Thursday.
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