Scaling in to winning trades

Discussion in 'Trading' started by Blitzjoker, Jun 9, 2023.

  1. #41     Jun 11, 2023
  2. wildchild

    wildchild

    Got it. I think it cuts a little deeper. You are going to experience losing streaks and losses on a regular basis if you trade. You need to be able to have psychology/mindset to ride those out. The fact of the matter is, once money is on the line, things get real and the discipline you thought you had, disappears. You have to have a system you trust and follow it. It sounds simple, but so many fail to do it.
     
    #42     Jun 11, 2023
    rajesheck likes this.
  3. Probably discipline is the key for success which as you said is a rare quality among most traders. Difficult experiences will mould a trader's discipline.
     
    #43     Jun 11, 2023
    wildchild likes this.
  4. Hello Blitzjoker,

    If it makes money, it makes sense.
     
    #44     Jun 11, 2023
    Blitzjoker likes this.
  5. Georpe

    Georpe

    I like to scale in as price goes against me, and scale in when price moves in my direction. Context, time of day and price action dictate when I do one over the other; averaging down/up in ranging behavior, pressing in strong trending behavior.

    If you're going to do that you should have an idea of where you're wrong, where there is disappointment, and be able to cut for both.
     
    #45     Jun 12, 2023
    Blitzjoker likes this.
  6. Buy1Sell2

    Buy1Sell2

    All in all out is the correct method
     
    #46     Jun 12, 2023
  7. deaddog

    deaddog

    You don't add to your winners once the market proves you right?
     
    #47     Jun 12, 2023
  8. Buy1Sell2

    Buy1Sell2

    No---I'm already fully in.
     
    #48     Jun 12, 2023
    deaddog likes this.