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    Scaling into a position - any suggestions on how to manage the downside?

    stevegee58, I'd rather make one entry after the pull back and only averageup.The problem is knowing where to get in.The scaling method does not require me to be so precise on the entry - which I have tried previously.I would enter and get wiggled out.
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    Scaling into a position - any suggestions on how to manage the downside?

    To clarify what I do,right or wrong, is look for very strong stocks and look to start scaling in in a zone after what appears to be a healthy pullback.Same goes for shorting - look for the weakest stocks... I need to figure out where my line in the sand will be that will keep me from getting...
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    Scaling into a position - any suggestions on how to manage the downside?

    Thanks,PSYTRADE,I appreciate your feedback. The stops you mention make a lot of sense especialy when trading the more speculative/volatile stocks. What I need to do is find the right balance of when to kill the trade and when to dig in and salvage it.
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    Scaling into a position - any suggestions on how to manage the downside?

    I'm a new trader and have found that,for me, scaling into a position can have a high success rate per trade. Many trades that go against me more than anticipated can usually be worked out for a flat trade or small loss/gain. I stress the word many because obviously there are some that just...
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    Grinding it out, day after day

    LESCOR, I was wondering if you have always scaled in and out of all your trades and if not did you notice a big improvement in your results once you started.Thanks
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    Impulsive trades

    I think if the chart doesn't jump off the screen at you right away it probably isn't that good.It should be clear as day.
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