A trader keeps his full profit target on S&P futures instead of taking partial profits. Once the price moves 7-10 points in his favor, he moves the stop to break even. He re-enters after breakouts for bigger wins rather than paying himself early.
And for position management, how you usually do? Like you leave your full target or you consider maybe taking some partial or? I rarely move my target. So when I enter the setup, like let's just say I was looking for a long here, that's my target. And what I'll do is on the S&P, if it moves up, let's just say 7, 10 points in my favor, immediately I'll then adjust my stop loss to break even. That's kind of trade management that I'll do. But it needs to move in my favor relatively quickly. Stop in profit you put or you keep stop loss to break even? Usually break even. I don't like to pay myself along the way. And the reason why I do it that way is I have the ability to reenter. If I threw out the analysis and didn't reenter, Maybe I would pay myself along the way. But like I said, some of my best trades are the re-entries. Sometimes I'm a little early to the party.
