Inception12 replies to: Trading is as simple as 1-2-3

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How do we take the 5 pips and still remain in the trade when it continues going down….do we use a trailing stop that starts at 5 pips or do we take 5 and then open a new trade that trails

HAL and I use pretty much the same trade management by closing a large percentage 90% or so (your call) at +5 and then leaving the rest to run. That’s the simplest way.

He can fill you in on the other subtleties he uses on top of that at times.

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