Ok sorry to get back so late. I’ve done a little research on profit taking and money management. The best way to increases your return is to have a profit target larger then your stop loss. My research shows that returns are 25 times bigger than using equal profit and stop loss.
Also taking profit or decreasing your position size dose not work. It decreases your probability of winning while also decreasing your return.
I’ve attached my research. Enjoy the freebie!!!
Happy Trading!
-Frank
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