The time span over which you hold trades and the manner in which you scale in and scale out is intriguing. You mentioned you use momentum to get in - presumably lack of to get out, but not necessarily all of it.
What criteria do you use to decide whether to get out completely or leave some of your position running?
I use momentum to get in and out.
I have a set target for most trades.
If momentum decreases I will reluctantly
reduce my target.
Especially in these non trending markets of
last couple of months I want to be in with
momentum and out again before it stalls
and reverses. My original nzd targets yest were
.8377 .8380 and .8383. I was busy and missed 77
so sold at 75. The other targets I missed as 78 high.
Mkt retraced but eventually went to 82. I sold at 80
but lack of momentum caused me to sell at 77 instead of
83.Mkt then fell lower and was happy. But tdy
Market rallied again so I re entered long at 91 today. I'm sure
there is a good argument that I should just has kept
position and not taken profit lower ! I'm just trying
to take one day at a time.