What’s the thought process behind setting a breakeven line after floating profits? It’s about how much of a pullback you’re willing to tolerate and how you subjectively assess the size of the market movement. The reason you’re eager to raise the stop-loss line is because you’re afraid of losing the profits you’ve already made. But when you adjust the stop-loss line and reduce the pullback you’re willing to take, your ability to capture the full market move decreases. In a big trend, you might get shaken out by small fluctuations. So, there’s really no such thing as the ‘best’ take-profit or stop-loss strategy. It all depends on your choices and what you want. If you want to lock in some profits first, you set a breakeven point—that’s essentially a method of narrowing your trading scope. If you want to avoid being shaken out frequently during fluctuations, then you don’t set one. This increases your chances of holding onto your position, especially during an epic bull market. But the trade-off is that you might miss out on smaller market moves. In trading, there’s always a trade-off. You can’t have it all. You can’t expect low drawdowns and explosive returns at the same time—it’s almost impossible in a fully priced financial market.