Yes, those guys are top notch...they back up there trades with probabilities and historical statistical evidence as to when to close.
great answer. Too many people believe all trades have the same odds and probability for follow-through. Simply put some trades are better than others and to become a great trader you need to trade more aggressive when this is unfolding.
Exactly the same as losing trades - with a trailing stop set according to market volatility. The market doesn't know whether you're winning or losing in a trade and won't behave any differently.
There is this problem that I'm facing about managing my trades. I get my profit taken back by market although I set a take profit but I lack patience. I close some part on seeing a sudden pull back. I'm trying to getting rid of this habit to improve my trading.
Even if you think that you are managing your trades optimally, you can count on one thing. There are traders out there that are eating your lunch.
I sell on breakouts for a long and breakdowns for a short, when its really running and all the newbies are getting excited and pilling in I'm getting out