But when wrong it would have made better sense to remove whole position at same time. You're a good trader but could be that much better with that tweak.
I respect that, I am guessing since you are a trend trader, whiplashing is your enemy nr1. Dont you think that in this current volatility the probability of whiplashing is much greater? Do you simply just keep taking the trades as usual and just hope to ride it out until you get those big winners?
You make the assumption that when wrong the trade never goes into profit of any of the objectives Short 2500 Targets 2475 2450 Stop 2520 Market drops to 2470 Then rallies to 2525 Without scaling out you lose 25 points on trade on full position With scaling you make at least 25 points on half Then lose 25 points on other half Net Breakeven minus commissions This also assumes not trailing the stop. The majority of the time when my first objective hits, I almost always trail the stop to entry to keep a winner from becoming a loser. I'd rather break even than lose full stop amount on trade as this helps smooth the equity curve.
No, I have never been long only. I got bull blinded and over confident. And I still dont think I was wrong to be bullish, my big mistake was being over confident and not being weary of the correction. Sometimes you gotta get punched in the face before you think straight again. Maybe saying our trading styles are similar was wording it poorly, but much of what you say resonates very well with me.