Hello all,
I was wondering if any of you guys have the habit of selling half of your position when you are racking up the green pips?
If so, would you care to share at what point you sell half your position?
For me, personally, I sell half my position when the amount I risked is covered.
For example, if I am shorting EUR/USD at 1.4300, and put my SL at 1.4330, I will sell HALF my position when price reaches 1.4270. Is this effective?
I would like to hear your strategies on selling half your position so I have more ideas as to how I should do this.
Thanks,
Brandon
I was wondering if any of you guys have the habit of selling half of your position when you are racking up the green pips?
If so, would you care to share at what point you sell half your position?
For me, personally, I sell half my position when the amount I risked is covered.
For example, if I am shorting EUR/USD at 1.4300, and put my SL at 1.4330, I will sell HALF my position when price reaches 1.4270. Is this effective?
I would like to hear your strategies on selling half your position so I have more ideas as to how I should do this.
Thanks,
Brandon