This past week, I found myself staring at the chart, up a decent chunk, debating the same thing I’ve faced since the beginning:
Do I close the trade and secure the profit… or do I let it ride and try to catch the full move?
That’s the inner tug-of-war every trader knows.
One side of me says, “Lock it in. Don’t be greedy.”
The other says, “This is just the beginning—this trade could run for another 100 pips.”
Here’s the truth: both voices are right… depending on who’s in control—my strategy or my emotions.
When I trade based on fear of losing unrealized profit, I usually close too early and then sit back watching the market do exactly what I thought it would—without me in it.
But when I ignore my rules and “hope” the market goes my way just a little more, I often give it all back.
What’s helped me lately is defining ahead of time:
What type of trade am I in?
(Is this a scalp, a short swing, or a trend-following move?)What does success look like for this trade?
(Do I want a 1:2 risk-reward? Do I trail my stop?)Am I managing from logic… or emotion?
There’s no one-size-fits-all answer here.
Sometimes it makes sense to secure the bag.
Other times, it’s about being patient and letting the full vision play out.
I’m learning that the real win isn’t just profit—it’s knowing I followed my rules, traded my plan, and didn’t get swayed by the scoreboard mid-game.
🥛Don Leche’s Takeaway 🥛
Don't leave money on the table. If you are in the position that needs that money, take it. the market is always open and you can find another set up. If you are good on the money and you want to see how your analysis will play out, staying the trade. It all comes down to who are as a trader at that time.