Smol thread on taking profits along the way / scaling out
The Math:
- Beats (hands down) not having a full-out exit strategy
- Doesn't beat having one (you'll hurt rewards vs maximize risk, you'll have your biggest position at the moment of max risk, the entry)
1/x
The Math:
- Beats (hands down) not having a full-out exit strategy
- Doesn't beat having one (you'll hurt rewards vs maximize risk, you'll have your biggest position at the moment of max risk, the entry)
1/x
The non-Math:
- Can help (a lot) with psychological and emotional management.
At the end of the day, a system that outperforms scaling out is completely useless if you're not able to run it.
2/x
- Can help (a lot) with psychological and emotional management.
At the end of the day, a system that outperforms scaling out is completely useless if you're not able to run it.
2/x
I've seen countless times people with perfectly working systems starting discretionary trade around them and get fooked.
Your system is only good as your ability to keep executing it.
=> Find a system that
A) works
B) FOR YOU
3/x
Your system is only good as your ability to keep executing it.
=> Find a system that
A) works
B) FOR YOU
3/x
This is also why thinking you can trade by following someone elses larps here on CT is completely foolish.
A) 95% they don't even have a system in the first place
B) 5% could have a system that works for them, chance is it doesn't for you, everyone is different
Peace out
/
A) 95% they don't even have a system in the first place
B) 5% could have a system that works for them, chance is it doesn't for you, everyone is different
Peace out
/
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