WickCheck / Trading school / Partial profits
Partial profitsBeginner
Closing part of a position at a first target and letting the rest run.
What it means
Partials smooth the equity curve and help psychologically, but they also cut the size of your best trades. WickCheck can test 'take half at 1R'.
How to spot it
- Common: half at 1R, rest at 2R or a liquidity target.
Common mistakes
- Taking partials so early that the average winner becomes too small.
Related terms
Breakeven stopMoving the stop to the entry price once a trade is in profit, so it can no longe…Trailing stopA stop that follows price as the trade moves in your favour, locking in more pro…R and R-multipleR is the amount you risk on a trade. A result of +2R means you made twice what y…
Why most strategies need a human behind the screen
Read the lessonWhat a mechanical test can and cannot tell you about smart money concepts.
Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.