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Trade Management — A Comparison of Three Ways to Profit

In: STOCKS and FOREX TRADING HOW TO WIN

Author

Listed:
  • KAREN WONG
  • DARYL GUPPY

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…

Suggested Citation

  • Karen Wong & Daryl Guppy, 2021. "Trade Management — A Comparison of Three Ways to Profit," World Scientific Book Chapters, in: STOCKS and FOREX TRADING HOW TO WIN, chapter 12, pages 83-86, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811236877_0012
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    More about this item

    Keywords

    Trading; Stock Trading; FX trading; Currency Trading; Forex; CFD; Security Trading; Trading Games; Daryl Guppy;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G1 - Financial Economics - - General Financial Markets

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