@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