I trade EURUSD, GBPUSD, AUDUSD, XAUUSD, USDCAD and EURJPY.
Risk 1 percent of my balance for one trade.

If the stoploss was struck, just close the place and wait for next opportunity.
If I am satisfied with the pips that the markets offer to me, I shut the trade also.
There are no principles for profit taking, just do it based on experience.

Please keep the thread clean and positive. And thank you for visiting.

Dhalsim