DislikedExcellent thread idea kuroro . Learning from our mistakes makes us stronger.,,, Most traders and bots use partial profit taking, but rarely if not at all they use partial loss taking. Using loss limit in trading is a must in my opinion when trading with high leverage. But setting a loss limit does not mean that one should set there watching their stop loss get hit. They say "when in doubt, get out!". I would say "when in doubt, scale out!". Have a nice weekend, KhalilIgnored
My perspective is different. I believe you should identify that point at which you know you are wrong. So, if you've identified the point at which you know you are wrong, why would you scale out before said point? Or why would you stay in the trade beyond that point, but with a lesser position size?
Again, I'm not saying "I'm right, and you're wrong". I'm saying tell me more about your perspective, because I am always willing to learn new things to improve my trading............
Trading is a loser's game-he who loses best wins.