How to maximize profits on a winning position?

[TrAndy2022]

Actually I think the truth is more subtle. Strategies that are TA-based, with sound risk management and which work on basic principles do work all the time. But not all the time on every market.

I have seen it many times in forex that a great strategy flat-lines or goes into loss on a pair for no chart-visible reason, while it simultaneously starts to perform well on another pair. It's the most frightening thing in trading.

You are speaking of common average strategies which are mediocre strategies at best (below Sharpe 2) . I was talking about very good strategies (above SR 3).

 

[TrAndy2022]

This is a common belief and there is some truth, but when actually are doing the work, be careful of shifting the work from, "Making it robust" to "Make a new system".

It is important in developing, to separate out the framework-tools-libraries and the implementation of the former.

If you have a weak framework, of course, the system will become crap fast. But if you have a robust framework, the implemented system last much longer.

yes but depending on the market conditions to a very much degree. If the overall market does a major change and then all the tweaks does not help too.

 

[murray t turtle]

The key is to adapt over time. There is no one strategy when markets are evolving all the time. Just make a best guess and trail the profits as long as possible to get the maximum out. Keep your losses small on the other hand and overall it should work.

%%
GOOD keys.
Trade, invest, do business .......
BUT since we cant really predict ,takes some profit some times , which will NOT max profits;
but who wants to hold QQQ on $120peak to valley of below $20 for 3 year bear?? NOT me .
ALSO realize, some can get deer with a bow + arrow, done that, but never tried that off a horse.
I use .30-06, in deer season.
20or 21 ema will not max profits, but I like it partly, because max profits can turn into max loss.
I have used a 333 dma, but can NOT promise that will '' max gain''
QWB noted 2 ways, fine, but like Dave Ramsey says ''almost always more than 2 good choices''