Gatineau Quebec Canada
Experience: Intermediate
Platform: Sierra Chart
Trading: Stocks
Posts: 107 since Aug 2014
Thanks Given: 69
Thanks Received: 79
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After many years and trading plans with all kinds of ways of getting in, adding, getting out I did find out that I am more comfortable with all in and then all out. I do not say it is the way to go but in my mind it is what makes the more sense to me. When I sell 1/2 for say at 2 unit of risk then I get frustrated because I was able to manage the rest up to 4 unit of risk (with the other 1/2). And when I loose I loose all (got stopped out). So my winners run for @ 1/2 of the money while my looser are always full size ... With that you need a very good win/loss ratio ... I am now trying to not be stopped out anymore with a better trade management but that is another topic.
So whatever you choose it has to be clear in your mind (and you have to be convinced of your choice in order to believe in it) that it is the best approach risk wise for you.
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