How to properly take profit? My personal approach

I recently encountered a problem that probably plagues every trader - how to correctly secure profits? Who knows how to avoid screwing up and biting your nails when you see the price shooting to the moon right after you exit. Or worse - when your trade was in the green for a month, and then in just a couple of hours it gets stopped out. It drives you crazy!

In short, I have developed several approaches that really help for myself; I do not claim to be the truth, but it works:

  1. Clear goal - man, you must definitely know where you are going. Even if you vaguely define a new peak. Without a goal, you are like a ship without a rudder - you will be driven to the first reef.

  2. Partial fixation - when the price starts to behave strangely, I take off 20-50% of the position. A real safety measure, especially when you see an unclear sideways movement, and you already feel that it might go the wrong way.

  3. Stop Loss - I move the stop to the entry point so that I at least don't go into the red. Sometimes, of course, the price jerks and hits the stop, and then goes according to your plan - that happens, but it's better to regret the missed profit than the lost money.

  4. I leave the tail - on promising movements, I leave 5-10% of the pose after the main fixation. If it flies - I move with it, if it stops - I don't care, I have already removed the main part.

Here's an example: my last short trade on OM. I took part of the position off when I saw a strange reaction to the imbalance. Then I moved the stop to break even because the target was almost reached. OM is currently wildly overheated, so after the main take profit, I will leave 10% in case a dump starts.

Properly locking in profits is as important as managing losses - it's like yin and yang. I've already lost a ton of money on incorrect locking, and these methods really work for me.

How do you solve this dilemma? Maybe someone has a better approach? I use my tools, you'll find yours - the main thing is that it works and brings profit.

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