Tactic #Trading: "Partial Profit Taking" 💰🔒

We often talk about setting targets (TPs), but what's more important is knowing how to effectively #Take_Profits! 🎯 One of the best tactics is "Partial Profit Taking".

What is Partial Profit Taking? 🤔

When your currency reaches #First_Target (TP1), instead of closing the entire trade, you:

* Close part of your position: 📈 (for example, 30% or 50%) to realize and secure profits.

* Move the #Stop_Loss (SL): ➡️ for the remaining part of the trade to the entry point (Breakeven) or just slightly above it.

Why is it effective? 💪

* Securing profits: It ensures that you won't lose on this trade, even if the price reverses later.

* Peace of mind: It reduces psychological pressure because part of your investment is now safe.

* Opportunity for greater profits: It allows you to continue benefiting from any additional rises towards the next targets ($TP2, $TP3) with part of the trade.

Remember, #Risk_Management and #Discipline are the cornerstones of #Successful_Trading. Don't let greed stop you from securing what you've earned! 🛡️