"Scaling out" is inferior behavior

Do you scale out of positions?

  • I always scale out

    Votes: 113 14.1%

  • I scale out most of the time

    Votes: 228 28.5%

  • Most of the time, I do not scale out

    Votes: 189 23.6%

  • I never scale out

    Votes: 270 33.8%
  • Total voters
    800
All out is ofc superior to Scaling out, but if you never exit and are stuck in a trade for months, don't think you are making any money. LOL!

Also, holding large positions without taking something off the table may be beyond most Trader's psych grade.

Lastly, the Market doesn't move in a straight line, so do need to find critical areas to exit so that you can wait for the pull back and reload.
 
Quote from traderrn:

All out is superior to scaling out,

so do need to find critical areas to exit so that you can wait for the pull back and reload.
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you are correct that scaling out is inferior. And so, it makes better sense on the critical areas that you speak of, to remove the entire position each time and reload the entire position.
 
Quote from Buy1Sell2:

You're still trying to argue that my system of exits and entries is bad. Thats a different discussion. The fact is that if I had seen something at 1080 that would have made me think it was an exit point, then I would have removed all, not part of the trade. By taking all off at my exit, I do better than removing some early say at 20 points profit which is what scalers do--they remove some as soon as it gets in the money to obtain that psychological crutch that they are a "winner". Th all in all out trader will reap the greater benefits over the long haul by going for full maturity of the trade. :)
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that psychic crutch as you call it allows you to reload at better prices which you fail to admit or even think about,you are still wearing blinders or playing monkey here no evil,this is the most resounding fact in your feeble argument,you constantly play my way or the highway, the market rarely moves one way in a straight line,1987,2001,2008,at those moments your argument holds water
 
Quote from ammo:

that psychic crutch as you call it allows you to reload at better prices which you fail to admit or even think about,you are still wearing blinders or playing monkey here no evil,this is the most resounding fact in your feeble argument,you constantly play my way or the highway, the market rarely moves one way in a straight line,1987,2001,2008,at those moments your argument holds water
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You are missing the point -- I have no issue with someone selling and buying pullbacks. It just needs to be done with full position taken off and then buying the pullback with full position. :)
 
partial reduction and reloading allows you to enhance a trades overall value,(lock in profits and improve the original price) while not getting flat before the ultimate target is reached,partially reducing a position to enhance at a better price and being wrong allows you to still catch part of the move you had previously targeted ,where removing the entire position to put the entire position on at a better price,if wrong you missed the chance to profit partially...unless as previously stated somewhere in this argument..you knew the exact top and bottom and you went all in and all out...i don't disagree with your style if you are a part time trader,but if you are full time ,partially reducing and reloading is much more profitable,as the market is very fluid and there are a lot of moves inside of point a,entry and point b exit to take advantage of
 
Quote from Buy1Sell2:

FALSE
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increase the higher probability of a successful trade, not the highest skill level. highest profit can easily be increased by adding capital, but highest execution requires higher skills, which tops out after awhile.


A trade that profits @ 18,000 is as successful
As a trade that profits @ 21,000 (better execution)

A trade eyeing 21,000 but tops out @ 18,500, then experiences a drawdown back to 8000
due to human error, trade profits @ 9000 = (mismanaged)


It feels great to teach the buy1sell2 :) how much has changed in 3-5 years.
 
Quote from Buy1Sell2:

FALSE
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have demonstrated it live 15 or more times in your journal ....you were there....talk to a fool long as you will,he will be of the same opinion still
 
Quote from ammo:

have demonstrated it live 15 or more times in your journal .
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A trader makes more by removing the whole position and buying the pullback--not by removing part of it.:)
 
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