I'm starting this thread to discuss succesful position management once a trade is under way.
What techniques are you using to successfully manage your open trades?
Do you use a stop loss? If so how do you calculate stop loss placement and position sizing?
Do you use a hedge instead? If so, how do you manage your hedges?
Once a trade is under way, how do you manage your position? Do you use a trailing stop? Do you scale out of trades? Do you add to winning positions or do you cost average in drawdown?
This is an open discussion to share ideas.
What techniques are you using to successfully manage your open trades?
Do you use a stop loss? If so how do you calculate stop loss placement and position sizing?
Do you use a hedge instead? If so, how do you manage your hedges?
Once a trade is under way, how do you manage your position? Do you use a trailing stop? Do you scale out of trades? Do you add to winning positions or do you cost average in drawdown?
This is an open discussion to share ideas.