Be confortable with your actions and you`re successful trader

Well, losers! Want to say you - be happy with 40 or 50% of a move. Works well for every trader. You Should find what works for you, trail a stop, or close half. Whatever. It is not you money/profit until the trade is closed. …but once closed… Greed (of wanting more profit) is fighting with fear (of loss or giving back)! You have to determine which one wins.
Im sure if Steve Cohen, Paul Tudor Jones, etc did ‘fictional’ autobiograhies, people would treat those like the bibles as well.
What about close 50% of what ever position you got, take the profit and ride the other 50%?
I’m also trying to adapt my trading style - cut my losers as fast as possible and hold winning positions while adding to them. The problem i’ve been having is adding to my winners, and not closing them(!), and the whole psychological aspect of really only winning on nn % of my trades - it seems like i need a lot more discipline to make money with this approach (the discipline to not be afraid to get; then get out of the trade if it isn’t working; plus the discipline to hold onto the winner and try to add until my target is hit. I’ve been getting a nice lead on positions, then when i try to add to the winners i’m adding at the wrong time and getting stopped out for basically a break even trade. (Last week issues).

One thing i have noticed that will help is i’ll immediately stop myself out or add to the position within the timeframe of the chart i’m trading on….example: if i find a trade setup using a 1 hour chart i’ll enter the trade; and immediately (a) stop myself out after 1 hour if the trade isn’t working (the next 1 hour candle bar); (b) or i’ll add to the position after 1 hour if the trade seems to be working. Then, if i get stopped out, i’ll make myself wait another two bars before i try to re-enter another trade on the same side of the market…example: if i get a long signal on a 15 minute chart i’ll get long; if after the first 15 minutes the trade isnt working i’ll stop myself out; then force myself to wait another 30 minutes before i’ll try to re-enter the market on the long side….this keeps my losers smaller if it looks like the trade will run straight to my stop loss (i’d rather get out prior to my stop if i know the trade isnt working). It also prevents me from chasing the market after i get stopped out - it limits my impulse trades that i use to have after a losing trade and it prevents me from chasing the market.

Other thing that works for me is to put in my exits (targets, stop) and stop looking at it. Close the p&l window if you have to or watch your stoch and macd without P&L or you`ll get here.
…thanks to elitetrader, only close to me ideeas wrote down.

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