Open trading account 
Here is something interesting I read on twitter, the other day:
The point is you have to be flexible in your profit expectations and assess your risk vs reward not only at the time of entry, but also when the trade is running. Often traders are in profit of more than 1.5R and the trade eventually turned out as breakeven because they think the trade could go much higher ignoring what the charts are telling them and that there is a strong level below or above take profit target.
Why is that many traders will take a trade with a 100 tick target, get 95 ticks up, move to breakeven and do nothing else because its a free trade.
Yet if you told them to get out and take a new position with a 5 tick target and a 95 tick stop they will say "Are you out of your mind?"
Yet if you told them to get out and take a new position with a 5 tick target and a 95 tick stop they will say "Are you out of your mind?"
The point is you have to be flexible in your profit expectations and assess your risk vs reward not only at the time of entry, but also when the trade is running. Often traders are in profit of more than 1.5R and the trade eventually turned out as breakeven because they think the trade could go much higher ignoring what the charts are telling them and that there is a strong level below or above take profit target.
