Position Sizing: How many of you Scale in & out?

I Really miss being single. sigh. So many women, so little time.

What's fascinating is how similar they are, regardless of culture/age etc.... missing random hookups with club girls.
LMFAO HAHAHAHAHAHAHAAHAHAHAHHAAH

That is why we have to get rich. More time, more money, more women.
 
I add to winning positions when they look like they're gonna run otherwise I'm happy with the initial entry.
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GOOD Work.
Or when you see something like the sign\Rind County watermelon festival ahead .
Help yourself to some but obey the law\if you drink dont drive /do the watermelon craw l . T Bird &7 million hits \Water Melon Crawl .Have fun you all .
OR if they take longer to run + have unfilled orders ina downtrend\ may just work[+ dont add to] the starting position................................................................................:caution::caution:
 
Curious to discuss scaling strategies..... describe how you scale in and out, would be a useful topic imo.

For me,

Swingtrading:
+ buy under 1k worth of shares to start a new position
+ scale in every other day, or every 2 points, 2day highs, for those that trend up
+ scale out at 2day lows

Daytrading
+ I use a sequence of 2-4 trades spaced every .2 or so, using OTO orders, with .08-.2 stops, for stocks $15-$30 range
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ABOUT the same;
except short term trading[day trades+ days] I like to aim @ more than $00.20 on Mondays anyway...............................................................................On a scale out it mainly exit 2 ETFs /with an ETF alone a scale out on one puts average cost higher on exits:caution::caution: 20 minutes till end of day/end of May looks like SPXL, SPY UPRO, SSO + QLD closes UP. Good bear rally+ SPXS daytrade
 
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DEPENDS\
+ KC noted about 4 times as much on swing trading as daytrades.
William ON {IBD founder , fund manager \ WON + Co.........} did not use leverage on stocks @ all times.
JUST because WON mentioned on CNBC with a frown, he dosen't daytrade, but uses weekly charts\ that does not mean we all should skip open price like he all ways did on his charts....................................................................................................SO when you have an elephant herd +Co like skipping open price /fine \ but he never actually told all his disciples to skip open price.[Pos size+ scale in ?/ Not much @ all on longs except for occasional Maytrade daytrade]
Murray the turtle, I’m not quite understanding you.

Day trading stocks is not the best way to spend your trading day. There are better instruments for intraday trading. That was my point.

Notice I said nothing about Ken’s swing trading.

If you derive your income from selling courses and services on day trading stocks, it’s understandable why you want to recommend it to others as a pursuit. The fish are attracted to day trading for some reason.

It could be that to them the notion of “making a living” requires showing up at the same time each day and performing some actions within an allotted period of time. Intraday trading is blue collar work for sure.

I agree with O’Neill. Don’t use leverage with stocks. Leverage is for people who are skilled. A skilled person does not follow exactly O’Neill’s CANSLIM method. He may not use it at all and has his own methods of stock selection and timing, and use of leverage.
 
Murray the turtle, I’m not quite understanding you.
Day trading stocks is not the best way to spend your trading day. There are better instruments for intraday trading. That was my point.
Notice I said nothing about Ken’s swing trading.

If you derive your income from selling courses and services on day trading stocks, it’s understandable why you want to recommend it to others as a pursuit. The fish are attracted to day trading for some reason.

It could be that to them the notion of “making a living” requires showing up at the same time each day and performing some actions within an allotted period of time. Intraday trading is blue collar work for sure.
I agree with O’Neill. Don’t use leverage with stocks. Leverage is for people who are skilled. A skilled person does not follow exactly O’Neill’s CANSLIM method. He may not use it at all and has his own methods of stock selection and timing, and use of leverage.
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OK;
i noticed your lack of swing trading remarks+ guessed you did not count KC's daytrade to swing trade ratio remarks[in his 1st post here].
MANY newbies are attracted to daytrading\ thinking its a way to reduce risk+ get rich quick they're wrong l think. Even though its a good way to reduce risk in a bear market downtrend; but not get rich quick
I'm using a white collar today, but only a few daytrades today ;+ i do usually wear a different color shirt.:D:D,:caution::caution::caution::caution::caution::caution:
 
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OK;
i noticed your lack of swing trading remarks+ guessed you did not count KC's daytrade to swing trade ratio remarks[in his 1st post here].
MANY newbies are attracted to daytrading\ thinking its a way to reduce risk+ get rich quick they're wrong l think. Even though its a good way to reduce risk in a bear market downtrend; but not get rich quick
I'm using a white collar today, but only a few daytrades today ;+ i do usually wear a different color shirt.:D:D,:caution::caution::caution::caution::caution::caution:
No collar for me when I trade. My daily fashion standard is jeans and a t-shirt. Add a baseball cap for when I’m outside in the sun.
 
I'm up nearly $800 today, nearly half from swingtrading, most from daytrading uvxy soxl.

But I made thousands in live room sales the last few days :D

Keep reeling them in, Ken. No one should feel sorry for the fish you catch. If you don’t take their money, someone else will, right?

And they have no basis to complain if they continue to suck. What do they expect? You’re not a miracle worker for Christ's sake.

After all, you have your disclaimer that you make your income as an educator on page 1. Not even a blind bat can claim he didn’t see it.

Could not be any plainer unless you tattoo it on your forehead. That would be absurd, of course. You do have a large forehead, Ken. But it’s a long-ass disclaimer. Not sure it would all fit.
 
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