Reinvesting Your Profit

Expert opinion: reinvesting your paper profit from a trade is an effective tactic when holding a position for a long time. Set a frequency (for example, once a month) for reinvesting your positive results into open trades.

Expert opinion: it's a good idea to determine the minimum amount of profit you plan to reinvest. As soon as you reach this amount, reinvest it.

Expert opinion: when starting out, always try to use stop loss and take profit orders. That way, you can control your risks better.