How to hold a winning trade?

[diversions]

"And I only enter trades after extremely elongatred movements when the trend is totally exhausted,
but so this is normally 500 t 900ticks movements (over about 3-4days)."
1
You might want to look into trading something like the nq
It is cheaper then oil even the mini so you can play more then just one contract
And most important because it is a index futures not a commodity
It produces far more good reversal opportunities then oil
It happens often that I will catch the top and the bottom of the day
(With out getting chopped up but on the first try)
It is amazing that it is possible but it is once you learn the market

Btw oil will fly when Israel attacks Iran –and they will

 

[kandlekid]

Quote from spinn:

Agreed. I really do not like trailing stops much as you end up with much smaller winners.

True. But they are good for people like me, who have trouble taking a loss (as would be any stop order). Maybe you don't need them after you've trained yourself sufficiently to take the loss.

One teacher I heard recently said that a winning trader is one who takes a (for example) $500 loss when defined by his system. A loosing trader is one who takes a $750 loss when a $500 loss was defined.