A trader was five ticks from profit when the market reversed, wiping out the gain. He argues that holding for those last points risks 95 ticks to make 5, and that unrealized profits aren't risk-free. Exit early rather than give back what you've already 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? Like you're giving up 95 points for 5. People think that they have a risk-free trade on, but you are risking unrealized profits. This is what you have to really determine.
