hi,
just a question on how people manage their trades in action;
1. do you scale into the trade once it starts going in your favor, if so at what point do you add, and how do you take the 2% maxim into account,
or
2. do you take money off the table as the trade hits profit targets along the way, if so, are they pivot point related, fibonacci levels etc, and again do you adhere to the 2% of trading account risked on any given trade, and if so how do you incorporate that.
im sure everyone has their own take on it and ive just interested in how and when people decide to take money off the table.
cheers
craig
just a question on how people manage their trades in action;
1. do you scale into the trade once it starts going in your favor, if so at what point do you add, and how do you take the 2% maxim into account,
or
2. do you take money off the table as the trade hits profit targets along the way, if so, are they pivot point related, fibonacci levels etc, and again do you adhere to the 2% of trading account risked on any given trade, and if so how do you incorporate that.
im sure everyone has their own take on it and ive just interested in how and when people decide to take money off the table.
cheers
craig