If you can understand the points, and clearly it’s a trade that has already made a profit, but often miss good opportunities due to psychological factors, you can take a look at the following content:
In the selling process, there are basically three situations:
1. Close all, cash in the profit, but be prepared to accept missed opportunities.
2. Sell half and keep half, realize half of the profit, while the other half may yield greater rewards, or it may incur losses.
3. Set a breakeven order, which may earn more, but also accept the reality of reduced profits.
This is the weakness of human nature, and the solution is quite simple: formulate a trading plan and strictly execute it, replacing human greed and fear with a plan.
For example, as I mentioned before, short-term positions should not exceed 10% of the total position; in terms of profits, short-term 10%-15%, medium-term 30%, long-term double the principal.
Replacing your 'wants' with a trading plan will help avoid the psychology of not daring to buy when the price reaches a point and being reluctant to sell when it hits the target.
