This video shows a live GBP/USD trade example how traders can apply a loose-tight-loose-tight trade management style.
My personal method of managing the trade varies on the cycle or phase the trade.
Managing Open Trades
The theory behind trade management is simple, yet in real live trading it is difficult to implement. The art of managing open trades is therefore a process that requires learning. This is particularly true for the method which I uses for my own trading. It uses a varied approach where I apply a mix of loose and tight trade management styles. The below video explains a live example of such a trade setup.