1 Hr. This is a trade that kinda ran away from me a bit trying to guess the top, however I can scalp it down, lock in profits, then let it run when the position size is smaller, those many trades going up are small.
It makes me wonder, what is the difference between adding to a loosing position and scaling in? I scale in when the original entry has a lot of breathing room as far as target and stop, then just tighten the stops as I go, or in this case I don't even have stops on all the positions because they can handle drawdown. I may place stops if I stop watching the screen though, but I watch it regularly anyway.
It makes me wonder, what is the difference between adding to a loosing position and scaling in? I scale in when the original entry has a lot of breathing room as far as target and stop, then just tighten the stops as I go, or in this case I don't even have stops on all the positions because they can handle drawdown. I may place stops if I stop watching the screen though, but I watch it regularly anyway.