i play and i play and i keep banging my head against the same questions.. someone please toss me a bone here.
my method consists of scaling in to intraday trends. i seem to be managing risk rather well. what i cant wrap my head around is...
after im into a position and its profitable... how do i balance between taking shorter term profits and/or scaling in to the position.
it goes good, then it retraces as i anticipate... all is well, untill it retraces past my entry and i get stopped out wishing that i had taking profits when i had the chance.
although the idea is that by riding out the retracements ill eventually be in a position as to where i can get leveraged up and make up for all the small losses...
so which is it? and is there any balance?
please help!
my method consists of scaling in to intraday trends. i seem to be managing risk rather well. what i cant wrap my head around is...
after im into a position and its profitable... how do i balance between taking shorter term profits and/or scaling in to the position.
it goes good, then it retraces as i anticipate... all is well, untill it retraces past my entry and i get stopped out wishing that i had taking profits when i had the chance.
although the idea is that by riding out the retracements ill eventually be in a position as to where i can get leveraged up and make up for all the small losses...
so which is it? and is there any balance?
please help!