How To Manage Running Trades.

I’m compiling different trade management techniques. So you’ve gotten a solid entry signal from your strategy and you’re in a trade—what comes next? For now, the focus is on manual trading; automated strategies will come later.

Consider applying one or a combination of the following:

1. Dynamic Trailing Stop – Adjust your stop loss as price moves in your favor, keeping it at a set distance (e.g., based on ATR or fixed pips) from the current market price.

2. Break-Even Stop Loss – Move your stop loss to your entry point once the trade reaches a defined profit level, eliminating risk.

3. Partial Profit Taking – Secure profits by closing part of your position when price hits a predetermined target.

4. Time-Based Exit – Close the trade after a set period if it hasn’t reached your target levels.

5. News Event Management – Exit trades ahead of major news releases to avoid unexpected volatility.

6. Reversal Signal Exit – Use indicators (such as RSI) to exit when signs of a potential reversal appear.

7. ATR-Based Take Profit – Adjust your take-profit level in line with the Average True Range (ATR) to account for market volatility.

Did I miss any others?

Personally, I use the trailing stoploss most of the time. I use trailing stoploss when my trade is at 1:3rr. At 1:3rr, I set my stoploss at 1:2rr . That way, I have secured some profits no matter what the market does.

I also love using the break even stoploss. It helps me secure my initial capital risked without fear of losing it. I set my breakeven when my trade is at 1:2r.