Kardec Trader explains why closing trades too early kills profits. The mistake: taking small wins instead of waiting for better risk-reward setups. Greed and poor trade management cost traders money they could have made.
My trade was 5 ticks from my target. I didn't take anything off and it came all the way back on me. When you think about it, are you really greedy over the 5 points? How much money are you making over the last 5 points or the 5 ticks that you're waiting to take that out? To me, I'd rather just close it and give up the $50. Huge negative risk-reward scenario, right? Yeah, you're giving up 95 points for 5. People think that they have a risk-free trade on, but you are risking unrealized profits. Yeah, you have to really determine
