Step-by-Step Tutorials

Tutorial: Managing a Trade After Entry

What to do — and what NOT to do — once you are in an open trade.

Key rules

1. Move stop to breakeven when price reaches +1R
2. Take partial profit at your predefined TP level
3. Trail stop on remainder using a mechanical rule
4. Do not look at open positions more than once per hour
5. Any unplanned adjustment during a trade is likely emotional — avoid it

After entry, your valid actions are limited: move stop to breakeven when price reaches +1R; take partial profit at your predefined level; trail the stop on the remainder. Everything else is emotional interference.

The most common mistake is over-managing: checking the position every few minutes, reacting to each candle, making unplanned adjustments. Set your stops and targets, then let the trade develop.