ES Journal Archive (2006 - 2008)
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Trading Strategy Question for all........
I keep seeing the following in many trader's entries and exits, mainly their "regular" strategy seems to be all in and scale out as follows:
1) Entry is all in
2) Take profit at target X (1/3 of all in position)
3) Take profit at target Y (1/3 of all in position)
4) Trailing stop loss on remaining 1/3 of all position
[or some sort of variation of the above]
Questions:
1) Do you ever scale in, or is it always all in?
2) Once a trade is on, what triggers you to bail all out instead of scaling - generall speaking of course?
Thanks in advance for the insight........
I keep seeing the following in many trader's entries and exits, mainly their "regular" strategy seems to be all in and scale out as follows:
1) Entry is all in
2) Take profit at target X (1/3 of all in position)
3) Take profit at target Y (1/3 of all in position)
4) Trailing stop loss on remaining 1/3 of all position
[or some sort of variation of the above]
Questions:
1) Do you ever scale in, or is it always all in?
2) Once a trade is on, what triggers you to bail all out instead of scaling - generall speaking of course?
Thanks in advance for the insight........
It depends on the situation and trade type. I do both.
For example, this morning I scaled in at the bottom -- because I wasn't 100% confident the level would hold. If I'm scalping, it's all in/all out.
I'm also big on taking partial profits when you have them. Nothing worse then something coming back in your face after you had substantial gains. Its helps the psyche.
For example, this morning I scaled in at the bottom -- because I wasn't 100% confident the level would hold. If I'm scalping, it's all in/all out.
I'm also big on taking partial profits when you have them. Nothing worse then something coming back in your face after you had substantial gains. Its helps the psyche.
blackstone ipo, you need favorable market conditions.
i`m sure most are gunshy sitting on the daily spooz TL.......better R/R is to the upside as shorts are tired of being squeezed & trapped in situations just like this.
however ,there will be a time when we slide right thru that TL & it won`t be honored as it has the last year.......that`ll be when everyone expects the 100% bounce.
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