Disliked{quote}After 2:1 or 3:1, you can close half of your position Your SL is not moved to breakeven By doing so, you prevent price from retesting your entry price, which happens A LOT, quite TOO oftenIgnored
My dilemma is:
1. Put SL to BE at 2:1, but stay in the trade with the full position, then risk breaking even for a potential bigger profit.
2. Close 50% at 2:1 and leave SL untouched, letting price retest the entry. Worst case scenario is still breakeven, while the best case scenario being profitable with half the position.