I never said one should have an identical size for a trade. I only said it should all be exited at once.
Exactly. Buy1Sell2 is being a hypocrite here - he admits to taking profits when the risk/reward deteriorates ("If I see an obvious bullish divergence on hourly charts, I may consider taking profits..."), which is exactly what I am advocating. But when someone else suggests exactly this, he says its an inferior method. This is an absurd self-contradiction. He preaches one behaviour, practises another, and then tries to criticise people who advocate doing exactly what he said he does.
Exit the whole position. Your money can be better used in a trade that has better expectation. Static analysis is not good.
You say you're a position trader, but your changes for position trades are based on hourly decisions. Technically speaking, you're not a position trader as you claimed yourself (that again you are not aware of), and you actually use scaling out for exits. - both are your fautly logics.
Yes you did: "It is very obvious common sense to an experienced trader that if the trade still looks good, you stay in fully" So according to you, if a trade looks profitable, you stay in on the same "full" size. A trade with a success rate of 99% and a 50/50 payoff should be traded on exactly the same size as a trade with a success rate of 60% and a 50/50 payoff. This makes no sense, since one of them is vastly superior to the other.
If I were to exit, I would take the full position, not scaling out. Sorry guys, you have missed the boat. I've got my new airplane I need to go test, I'll be back later and may respond if I see something worthy. Thanks guys!
Sales pitch! Who are the "We" mentioned below, Mr Guru? Q Quote from Buy1Sell2: As a position trader though, I stay with my original premise and just stay short. We weather the bounces and let the trade run. If I see an obvious bullish divergence on hourly charts, I may consider taking profits and reentering at a higher price, but it needs to be very very obvious. UQ
And if there is no trade with a better expectation? You would pass up the profit, just because it wasn't as good as that which was available before?
Most gurus (read: vendors) on ET would have a similar aptitude. We'd better only join a thread when overdone.