A few words about closing positions early before take-profit when the price immediately returns to the entry zone afterward, and how I try to catch this. Using the recent $TIA trade as an example.

When there is an impulse in the desired direction, and I visually see that this impulse has reached the last potential S/R level, and when I see that there’s not much distance left to the take-profit targets, I decide it’s better to take the profit. This is because the likelihood of a correction or pullback becomes much higher than the chance of hitting the full take-profit. According to my main risk management principle, I don’t want to risk the already secured 0.1R for the possibility of gaining another 0.03R, for example.