Should You Stop Trading After Hitting Profit Targets or Not!? ☝️

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  • Опубликовано: 6 янв 2025

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  • @ukspreadbetting
    @ukspreadbetting  4 года назад +1

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  • @Martyr217
    @Martyr217 4 года назад +11

    I stopped once I made my profit target for the day and did this for weeks and made about 30-35% on my account and in 1 day when I didn't do this and I kept going after being green on the day and greedy and was incredibly daft and lost all my profits and a chunk of my original capital.

    • @abiparvaneh8235
      @abiparvaneh8235 4 года назад +5

      Exactly what I’ve done and learnt from mate. Always best to hit your target for the week then relax until next week.

  • @AndyJMacLeod
    @AndyJMacLeod 4 года назад +12

    I agree that it is better to trade more when the market is “hot”, but when you are doing really well and you have a rush of adrenaline you can end-up taking less than ideal trades to get another rush. So before taking ANY trade, you need to take your “temperature” and justify taking the trade. Is this trade a particular set-up? What is the risk? If I have already made a lot, it can be helpful to reduce your risk to avoid giving it all back, and take the first loss as an “exit signal” to stop trading. Consistency is more important than going for glory...

  • @michaelsullivan988
    @michaelsullivan988 2 года назад +2

    I dont trade very long each day. When I run out of settled cash I am done for the day.

  • @NUShortFilms
    @NUShortFilms 2 года назад +1

    This is real diamond. So much knowledge in such a small video. Amazing. Thanks a lot for sharing with us.

  • @theunknown9495
    @theunknown9495 4 года назад +1

    Depends on your money management strategy

  • @swapd0
    @swapd0 4 года назад +7

    If I don't stop trading usually I lost a lot of money

  • @MrLeew1234
    @MrLeew1234 4 года назад +1

    Thats great mark thanks for the video and il definitely be adding some of the content to my strategy and trading plan.keep up the great videos

  • @Kevinschart
    @Kevinschart Год назад +1

    If market has favorable trading conditions why would you stop trading after hitting some arbitrary profit target.

  • @daytraderfidel395
    @daytraderfidel395 4 года назад +1

    When that period comes, markets are slow, and my strategy isn’t working as well or not working at all, do I change stuff in my strategy, do I get a brand new strategy, or should I have a strategy for each market conditions?

    • @ukspreadbetting
      @ukspreadbetting  4 года назад

      You will have to tweak it or stop using it altogether. Having multiple strategies is probably best.

  • @grahamatkinson9395
    @grahamatkinson9395 4 года назад +1

    Hi mark which are the best markets to trade in the holiday seasons
    Graham atinson

  • @LukaszAdams
    @LukaszAdams 4 года назад +1

    From some Time i cant grab trend intraday but i See i can grab trend on Biger Time frame should i start swing trading? I dont have a problem with jump from daytrade to swingtrading.

  • @oliviaphionaamuron
    @oliviaphionaamuron Год назад +2

    As long as you made your profit for a day just stop for a day because if you keep going you might become greedy and blow up your account😂😂😂😂I have ever done that so I know how to control myself now days ☺☺☺☺

  • @itsfahys
    @itsfahys 4 года назад +1

    I definitely hate given back profits after being up 3% on my Account trading 1% risk per trade, often going back to Brake even. Saying that i had 7 winning Trades in a row Monday& Tuesday just trading FTSE and EUR/USD using strategy you discussed in the Trader Mastermind Webinar last Thursday.