Sentences with phrase «trade moves in your favor»

Trailing Stop — The trailing stop - loss order is an order that is connected to a trade like the standard stop - loss, but a trailing stop - loss moves or «trails» the current market price as your trade moves in your favor.

What this means is that as the trade moves in your favor you're going to be holding the smallest portion of your position at the MOST profitable part of the trade... doesn't seem like the best way to let your winners run does it?

Trailing Stop — The trailing stop - loss order is an order that is connected to a trade like the standard stop - loss, but a trailing stop - loss moves or «trails» the current market price as your trade moves in your favor.

The best course of action is almost always to set and forget your trades and either take the loss from the risk that you accepted prior to taking the trade, or take a nice profit if the trade moves in your favor.

If the trade moves in your favor (or against you), then, once you cover the spread, you could make a profit (or loss) on your trade.

Assuming the trade moves in your favor, and you are up by at least 1 %, exiting half of your trade would cover the expense of your risk on that trade.

Once you get your entry parameters setup, you then pre-define your exit strategy; «will I trail my stop as the trade moves in my favor or will I just set and forget it?»

Trailing your stop as a trade moves in your favor can be a very good Forex trade management technique.

If the trade moves in our favor then once it has lost about half its value we might layer on another one (keeping the original as well).

Not exact matches

Because of this, when these stock trades do not quickly move in our favor, and reverse substantially lower instead, it is extremely important to always have preset, clearly defined protective stops in place.

For example, if you set a 50 pip trailing stop on the EURUSD, the stop will not move up until your position is in your favor by 51 pips, and then the stop will only move again if the market moves 51 pips above where your trailing stop is, so this way you can lock in profit as the market moves in your favor while still giving the trade room to grow and breath.

Mirror trades were a favored conduit in the first half of this decade, regulators say, but they've been replaced by other mechanisms for moving money, including illicit reinsurance contracts and fraudulent court orders.

The outcome for pair as trading closes for the week is expected to remain range bound while in bear's favor and the support level for pair as trading moves into next week will be decided post today's news release.

Once the trade begins to move in your favor you should look to trail your stop loss to lock in profit or move to break even depending on the price action situation.

Entry triggers and protective stops are one's protection from catastrophe if the trade doesn't move in one's favor.

You see, when you scale out of a trade you are cutting down your position size as the trade becomes more profitable by moving further in your favor.

Another excellent way to take advantage of the trade entry trick is using it to help you avoid getting stopped out on a trade before it moves in your favor.

This use of the trick is not about reducing your stop loss distance, indeed you will keep the same stop loss distance as a «normal» market entry, instead, you're getting a SAFER stop loss placement and getting more breathing room on your trade, thereby increasing the probability of being on - board when the market moves in your favor.

hello Nial... i have question that important in my trading... should i move my stop loss to breakeven when its in my favor or just leave where it is until it reach take profit... thank you...

The difficulty of this is that it's human nature to not want to exit a trade when it's up a nice profit and moving in your favor, because it «feels» like the trade will continue on in your favor and so you don't» want to exit at that point.

Does your trade plan call for adding on to a position as it moves in your favor?

In the last monthly comment, I used the starting point of the OECD area's leading indicators to describe how the global economy had moved into a new phase of the trade cycle (expansion), as well as how this phase has historically favored high - risk active classes.

Also, there is nothing wrong with moving your stop up to lock in a 1:2 or 1:3 risk reward and then trailing your stop up each time the trade moves 1 or 2 times risk in your favor; this way you take the profit and also give yourself a chance at a bigger gain.

How many times have you manually exited a trade only because it moved against you a little bit and then it rockets on in your favor?

Successful Forex traders who know and accept the fact that they can not take every pip out of a move, are more than happy to settle for taking «chunks» out of moves and exiting their trades when they are significantly in their favor, instead of panicking and exiting at the last minute as the trade comes crashing back to their entry.

The problem is that as retail traders, no matter how strongly you feel about a certain trade, you can't move the forex markets in your favor.

It causes them to hold trades too long whether the trade is moving in their favor or against them.

I use this EA to drag and drop TP and SL levels, to scale out of positions (with certain trading strategies), and to automatically move my stop loss to break even (and sometimes lock in some pips) after price moves a certain amount in my favor.

Conversely, if price moves in your favor twice the distance you set for your stop loss (say you're risking 3 dollars per share, and price moves 6 dollars in your favor), then you could close your trade with a 2 % gain, having achieved a reward that is twice what you risked.

Immediately the price has moved in favor of the trade by a figure that equals the original risk, one of the orders is closed because it has reached take profit the first level of profit and the stop loss on the second order is detached to break even.

After price has moved down in your favor a bit, you can move your stop loss to break even on the trade, just in case it doesn't follow through all the way to your take profit.

In other words, if my profit target is 100 pips, I move my stop loss to breakeven plus 2 — 3 pips after the trade has gone 60 pips in my favoIn other words, if my profit target is 100 pips, I move my stop loss to breakeven plus 2 — 3 pips after the trade has gone 60 pips in my favoin my favor.

Once a trade has triggered and price has moved in your favor a bit, you can move your stop loss to break even.

And the cheaper we can get them from the outset, the more upside we can enjoy when the trades start to move in our favor.

Don't start moving your stop up just because the trade pops in your favor the first 10 minutes you enter.

Traders often hope that their trades will go on forever in their favor, or they hope that if they move their stop loss just a little further away, the trade will come back for them.

When to use a tight stop loss — If you believe a trade could move in your favor but will definitely continue to move away from your entry point after it reaches a certain price, you should use the tightest stop your trade will allow.

Also, in fast market conditions, there could be orders ahead of yours that deplete all available shares at the bid or ask, moving prices in or out of your favor by the time you place your trade.

There is definitely skill involved in reading the charts, so when I open a trade, I opened it because I think that the market is going to move in my favor, not because it's going to move randomly.

But the idea has one force moving in favor of some kind of change in the industry's mindset: Current NAR president Chris Polychron has made agent safety a priority during his term at the million - member trade group.