To be quite honest I have always struggled with trade management after entering a trade..
I would set initial stops and then just run on faith that they would not be hit..
Many times I would be well into profit only to see, in the end, substantial losses..
I try very hard not to that anymore.. LMAO
Just scalping around on USDCAD this lazy Friday afternoon.. I have 8 pips (x2) banked and two, two lot, entries left from 0.98850 and 0.98826 my stops are now 0.9887 & 0.98850 which locks in 4 more whole pips bringing the total to a whopping 12 pip gain.
But you know what? It's fun because when you trade this way you cannot lose and it's a good way to relax ;)
Happy pipping everyone
Here's what it looks like
Click for larger image
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