How to hold on to floating profits and not let them slip away?

Many people have had such experiences, originally making a profit of 10% or even more, but eventually turning into a floating loss of a few points and either not operating at all or being stuck in a deadlock. The original plan was to take profits at 10% to 20%, but when seeing a big bullish candlestick at 20%, one then thinks about 50%, and at 50% one thinks about 80%... In the end, it falls back to 20%, and you hesitate to sell because your account's floating profit has dropped from 50,000 to 10,000.

At this point, you feel regret and frustration, with an imbalance in your heart, wishing for another chance to regret and absolutely sell, sell, sell...

The two main reasons for not being able to hold on to floating profits

1. Psychological issues

Everyone has weaknesses in their minds; greed and dissatisfaction are normal reactions. Some people manage it well, while others do not. Some may have managed it well initially, but due to previous unsuccessful trades, their mindset worsens, leading to chaotic operations and an inability to retain floating profits, creating a vicious cycle!

2. Cognitive issues

Because you do not know where its upper limit is, nor how much space there is, you can only rely on resistance levels and feelings to judge its selling points.

To avoid these issues, I generally take partial profits at one times the return and gradually reduce my position while bringing in a breakeven stop loss. This method is the most stable and safest!