aliassmith wrote:prochargedmopar wrote:On further review.
She gets an idea,
Makes a plan,
then executes the plan.
Bahahahaahahah I bet IgazI loved to see that..
Summin-a-beach. LOL
NOW, if she would just ADD instead of scaling out. hehhehheheh
It is worded odd but from what she said and the pic she ADDs as prices moves in her favor. Holds to a TP.
You
have to have a plan, if you don't want your success to always be temporary.
If nothing bad happens after placing your first order then go ahead and place the second order, no need to wait;
ideally, after your second order, you'd be at 20-40% position size (lose 2.5 points, you're down 1).
Take profit on your first order, trend-line the second, and make adjustments to your position sizing after your trades are complete.
The primary goal of scaling is to reduce risk; the real "adds" come from increasing your min/max size.
