Trade Management — A Comparison of Three Ways to Profit

Karen Wong and Daryl Guppy

Chapter 12 in Stocks and Forex Trading:How to Win, 2021, pp 83-86 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Choosing a real estate agent to sell your house is a hard decision. Each agent has a strategy to get you the best price but the big question is who has the ability to get you the highest price so you get the highest profit. In trading there are also many ways to manage a trade. When the trade is in profit — in the money — the hard decision is how to manage and maximise this profit. We look at three ways of managing profit and compare each result. This analysis of profit optimisation is a useful exercise but it should never become a distraction. We always aim for the best profit available in the circumstances rather than the best possible profit…

Keywords: Trading; Stock Trading; FX trading; Currency Trading; Forex; CFD; Security Trading; Trading Games; Daryl Guppy (search for similar items in EconPapers)
JEL-codes: G1 G11 (search for similar items in EconPapers)
Date: 2021
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