Why should I take 50% profits off the table when the trade is going my way?

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• Please advise approximately how close to 'Earning Date' before you consider not to trade.

  We advise members against trading a stock in the few days (a week) before earnings unless you are trading Guys specific pre-earnings or volatility strategies. If you are in an existing profitable position approaching earnings you can choose to let it ...

• Is it normal enough that after a trade is filled that it comes back into the flag (bull) and bounces along like that for quite a few days before it thinks about going back up through the original buy stop order level again?

  This is something that can happen. Ideally when the stock breaks out it keeps going, takes out our first profit target and then some more on top. When the markets are breaking out big time either way, then that's how we make our best windfall ...

• You mention about Profit Target of a 1:1, then for actual trading you taking a 1: less than ½ ratio. Therefore, it is more risk than reward ratio, How do you justify this of being conservative, won’t I be bankrupt too soon?

  This is a common fallacy. Just because a trade seems to be imbalanced as to risk/reward, that's not actually the important thing - it just sounds good in marketing material and in seminars.  But what does it actually mean? Nothing! The key is what ...

• If you're in a trade that ends the day favourably and is in the neighbourhood of your 1st profit target, should you think about exiting the trade to ensure that you're not gapped out of it during the after-hours trading?

  Yes, if you want to bag that first profit (if you're a bit nervous) then better to take it than having a restless night. Different traders have different tolerances for perceived risk and as you say, it is a swings and roundabouts game. However, if ...

• When you get triggered on day 1, are you happy to let it all automate? i.e. let you stop/limit take you out without looking at the charts again?

  You have to manage your trade, profits, and losses, according to the trade plan. This means that you revisit every open position or order on a daily basis.  First profit can often be automated by means of a limit order, it depends on your broker ...