take win strategies?

ptnov

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Hi,

There is a lot information about taking positions and stop losses, but i find it hard to find good information about where to put take-wins.

Can anyone explain basic take-win strategies or direct me to where to find them?

Thanks!
 
Hi,

There is a lot information about taking positions and stop losses, but i find it hard to find good information about where to put take-wins.

Can anyone explain basic take-win strategies or direct me to where to find them?

Thanks!


Possibly the most important question in trading.

I have no answer on this, or rather I have too many of them. Sometimes I hold each trade until the chart gives a contrary signal, sometimes I get out before that but after an energetic move in my favour, and sometimes I close the whole portfolio just because total unrealised profit looks tempting. Right now I'm pyramiding. I wish I could work this out.
 
Hi,

There is a lot information about taking positions and stop losses, but i find it hard to find good information about where to put take-wins.

Can anyone explain basic take-win strategies or direct me to where to find them?

Thanks!

You can scale out as the trade goes in your favour.
If buying on a retrace your first exit could be the last swing high.
 
You can scale out as the trade goes in your favour.
If buying on a retrace your first exit could be the last swing high.

How would you determine what size to scale out with? Would you rebuy a position at a better price if the price action turns again?

Thanks!
 
How would you determine what size to scale out with? Would you rebuy a position at a better price if the price action turns again?

Thanks!

How would you determine what size to scale out with?

This would depend on how strong I judge the longer term trend (longer term, than the first exit) and also if there are any potential problem arears coming up soon, a typical problem point may be a prior area of support and or resistance.

Would you rebuy a position at a better price if the price action turns again?

I would not buy at a lower price than my last entry if my last entry is still an open trade and not in a secured profit situation, otherwise yes I would.

But what I do may not work for you because I am trading my beliefs and my emotions.

Jason
 
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