Disliked{quote} u cant apply simple analysis here 2 cover all possibilities...... for example - if u r robot trading and using optimization for ur settings then partials r not effective ..... if u r trading like Big E and Phx62 partials make ur DD minimized and r excellent 4 ur psychology ..... wat u cant say is making complicated MM schemes will make u a successful trader IMOIgnored
A single target profit taking is hardly a complicated MM scheme
The point of the article is, if you have an edge in the trading method, and recently posts claim much success with this method, then partial profit taking system offers no significant advantage compared with the single take profit method.
In other words always go full position to profit target, maybe move the stop loss to break even when halfway, if that helps your psychology.
If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
46.8%