For me, it works best to make partial closes on key levels and let run what's left. Less stress.
For me, it works best to make partial closes on key levels and let run what's left. Less stress.
The problem isn't the method, it's the discipline, you can have the best strategy in the world, but if you get carried away by greed, you're dead.
I rarely see anyone talking about this with a cold head. Everyone wants to add more to the train without thinking about stopping.
If I've already won something, I use it as a psychological margin for a second inning.
I've seen traders averaging in profit but with decreasing lots. Example: 0.5, then 0.3, then 0.1. So they mitigate the risk.
Finding out how to scale a position properly is harder than entering the market. It’s pure emotional management.
Technically, you can, but psychologically, very few handle it well.
Promising up requires more experience than opening a winning position. So it’s not for novices.
It depends a lot on the asset. In Forex sometimes it gives no room for those moves, in stocks or indices it can work better.
If your initial entry doesn't give you enough security to keep it, why add more later?
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