Quote:
Originally Posted by manwiches
Scaling is also a big thing. and play what the market gives you.
I scale 50% on my first PT always. then 25% on the next, and hold the last 25% for the bigger move. if you try to hold it all til the top, you will get burnt more times than you'd like.
i do the same when entering a position too. if high conviction, 50% then 25% then 25%. If it's just to get exposure, 25%, 25% then 50%.
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Definitely agree with this methodology. I usually try to sell 1/3 to 1/2 at a percentage target that I will set before I make the trade and then hold the rest to see where it goes. I find this works because I satisfy my need for a quick profit while still having a chance to realize some bigger gains.