Trading
Trade Management
Actions taken while a trade is open to optimize the outcome.
Full Definition
Trade management refers to all decisions and actions taken after opening a position: moving stop losses, taking partial profits, scaling in/out, and deciding when to close. Good trade management can turn average entries into profitable trades and protect profits as they develop.
Example
After entry, you trail your stop as price moves, take 50% profit at the first target, and let the remainder run with a trailing stop. This is active trade management.
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