How can I protect profits from returning to loss?

[khalids222]

How can I protect profits from returning to loss. If the trend changes.
I used Trilng Stop, but it was closed at a loss.
I set a goal of fifty dollars, but sometimes the price reaches forty dollars and returns negative.
  How to protect a portion of the profits even if one dollar, without returning the loss

[trader.philipps]

@khalids222 Easiest thing is to set Breakeven. Ther's a block for that. You also might consider the opposite signal as en exit signal for your trades. For instance if your entry is price closes above EMA 20, than you exit would be if price closes below EMA 20.
There are tons of ways to do so. There is no best way. If your strategy reaches more often your target goal than it looses, You might take that risk into account.
Another way is some kind of scale out. You might close some parts of your position once a smaler target is reached. That will give you a profit even if your target will be missed. However, it will have influence your risk reward ratio if closing every 10 USD for instance a part of the trade.

[khalids222]

@trader-philipps
Thank you, I appreciate your response and your efforts.

I will try it, because I am counting on reaching the target through several buy and sell deals Until the total reaches the goal.
I put as little as two dollars when my earnings exceeded $ 20.

[khalids222]

Is there another way to protect profits so that the closure is only positive ?

[roar]

@khalids222 If you allow me to get a bit philosophical here, you really can't avoid losses altogether. When trading, you are exposed to a distribution of wins and loses, big and small. This fact doesnt change when using different strategy. Strategy can only change the return sizes - maybe many small wins and sometimes a huge loss. A trader can only hope that the average sits a tiny bit on the positive side.

For closing most trades at a profit, I often use to partially close some trades at RSI 70 (and RSI 30 for sells, respectively)

[khalids222]

@roar said in How can I protect profits from returning to loss?:

If you allow me to get a bit philosophical here, you really can't avoid losses altogether. When trading, you are exposed to a distribution of wins and loses, big and small. This fact doesnt change when using different strategy. Strategy can only change the return sizes - maybe many small wins and sometimes a huge loss. A trader can only hope that the average sits a tiny bit on the positive side.
For closing most trades at a profit, I often use to partially close some trades at RSI 70 (and RSI 30 for sells, respectively)

Thank you @roar, I am completely with you.I appreciate your opinion.
i am not talking about losses in general ,, I am looking for a way when there is a profit that exceeded thirty dollars example and target 50 dollars, then the profit returned to the loss. And I became negative.
Before returning to the negative, I want to close all trades on one dollar

[roar]

@khalids222 Ok, break-even block should do exactly that.
You have to switch the blocks in your example.

[khalids222]

@roar THANK YOU VERY MUCH