Thursday, May 12, 2011

Scaling out

Futures are perfect for precise application of scaling out positions strategy. On most of these trades, I closed 1/3 of position at +4-5 pips and waited more  for the 2/3. That's why the decimals here, they express average win/loss.

1 comment:

Ghalib said...

We should always stay away from greed as that will keep us going and eventually this is what happens and we not only lose the momentum but also get into huge losses so always learn to get what is already there instead of trying to want more. I am very happy with whatever I make and I withdraw it instantly due to OctaFX broker who allow me to withdraw instantly to the payment processor I use and they don’t even charge any extra fees.