Scaling out?

[foredog]

I know there is no right answer but i can't decide which is more favourable:


Taking off 1/3 of a trade once it's you're in profit equal to your stop

Reduces risk on any pullback/change of trend BUT reduces profitability if trade keep going your way


Running the whole position to exit signal or stoppped out

More profit if trade goes your way larger loss if it retraces

I guess it depends whether you favour reducing risk or maximising profits.

Any ideas on this?

 

[minime69]

I know there is no right answer but i can't decide which is more favourable:


Taking off 1/3 of a trade once it's you're in profit equal to your stop

Reduces risk on any pullback/change of trend BUT reduces profitability if trade keep going your way


Running the whole position to exit signal or stoppped out

More profit if trade goes your way larger loss if it retraces

I guess it depends whether you favour reducing risk or maximising profits.

Any ideas on this?

i play it by ear. if onside and market hit res or sup then take prof on some of posy, if it then breaks through i can get back in anyway.

this works good for me, and unless you only trade once a day then you always have more chances anyway!

 

[JRP2891]

Depends how you like your equity curve to look like i think. Whatever feels right for you would be my unhelpful answer.

 

[senyorqueso]

Ok, on that 1/3rd of your position what would your % winners be? Less than 50 and the answer's obvious.