Module 5 — TP Ladder & Management

Quick Mode — 90-Second Version

Pre-stage TP ladder. Shrink protection as you de-risk. Manage with closes, not wicks.

Stage TP1 / TP2 / TP3 (Sell Limits) before the entry fills.
Runner trails under M5 HLs (long) / above LHs (short).
Stop quantity shrinks after each TP (spot constraint).

Back: Risk & Size ← Next: Journal & Capstone →

Principles

Pre-stage the ladder inside the timing window; no last-second scrambling.
After each TP fills, edit your protection stop quantity to the new remaining size.
Runner is small and disciplined; time-stop still rules the exit.
Closes > wicks govern management (two-close rule intact).

Visual — Ladder Fills & Shrinking Stop

After each TP hits, edit stop quantity down to the current position. Runner remains protected and trails.

Templates (copy/paste)

Take-Profit Ladder — Long
TP1 = Entry + 0.03   Qty = 25%
TP2 = Entry + 0.06   Qty = 25%
TP3 = Entry + 0.09   Qty = 25%
Runner = 25% — trail below M5 higher-lows

Stops: reduce protection stop quantity by 25% each time a TP fills

Take-Profit Ladder — Short
TP1 = Entry − 0.03   Qty = 25%
TP2 = Entry − 0.06   Qty = 25%
TP3 = Entry − 0.09   Qty = 25%
Runner = 25% — trail above M5 lower-highs

Stops: reduce protection stop quantity by 25% each time a TP fills

⚠️ Spot Constraint: Reduce your protection stop quantity immediately after each TP fill or the order can later reject with “insufficient balance.”

Checklist

✓ Ladder staged before entry trigger.
✓ Runner designated with a trailing plan.
✓ Protection stop quantity reduced after each TP.
✓ Management by closes, not wicks.
✓ Time-stop enforced regardless of PnL.