"Scaling out" is inferior behavior

I didn't say anything about "all or nothing". In fact, that is exactly the opposite of my entire trading philosophy.

 

Good. Then you will agree that scaling out is the antithesis of all-or-nothing behavior. Thanks for the clarification.

 

I was wondering if such a thing as an envionment of certainty exists

 

Good point. However, few activities match the level of uncertainty associated with trading the financial markets.

 

Thundy, you could try to learn from those who are consistently profitable.

The OP should also remember it took him 25 years to accept the premise.

Good trading to both of you.

 

I counted three implicit assumptions here. Have I missed any?

 

Your implicit assumption that the OP is incorrect? lol

I could be wrong of course, but my objective experience and your attitude tell me otherwise.

Either way, it's all good brother.

 

Not exactly.


You =Scaredy cat who took 10 contracts from 1550 to 700.

Me = scaredy cat who started with a position that was too large and took their profits at 1300 on 40 contracts.



Or Me=scaredy cat who started with a position that was too large and took 1/4 his profits at 1300 on 40 contracts and the other 1/4s at 1100, 900 and 700.


What's so inferior about making more money in a shorter amount of time ?

 

Please reread your post.

 

There has never been any mention of "all or nothing" by me. Both "all or nothing" and "scaling out" are inferior strategies.