Strategy: Tactics for Scaling Out of Trades 👊 скачать в хорошем качестве

Strategy: Tactics for Scaling Out of Trades 👊

✅ Trade with our Sponsor Broker: Trade Nation http://www.financial-spread-betting.c... ✅ Check our website: http://www.financial-spread-betting.com/ ✅ Please like, subscribe & comment if you enjoyed - it helps a lot! Scaling Out of Trades. http://www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Whenever traders gather together, there will be talk about whether it is a good thing to scale in and/or out of trades. This is a matter of personal preference, and you must make up your own mind whether you think it’s a good practice – on the face of it, there are good arguments why you should not need to do this and may even be leaving money on the table if you choose to scale. But there are more factors to trading than simple mechanics. One of the most important factors in trading is your own psychology, how you feel about your trade and how that affects what you do. If you have done much trading, you will know how emotions can affect you and cause you to make wrong decisions. The fact is that our natural reactions are often the exact opposite of what we need when trading. This is why scaling out of trading can nurse you along and make a better trader of you. Consider the following situation. You see an uptrend forming, and consider it is worth making a trade. The uptrend may be a small one, or it may involve several phases as discussed in a previous lecture. You calculate your stop loss position, and your maximum loss from the trade, and hence decide how much to place at risk. If it fails, that’s it and you’re out at your stop loss, which is all part of the game. If it succeeds, the price increases until it settles at a level from which it may pull back a little before resuming. You consider taking your profit now. If you do, you have the instant satisfaction of knowing you have made a gain. But if you were to close the trade completely, you might be worried that you were going to miss a further gain after the pullback. If you only take out part of the trade, say a half, you can get the emotional high of having made a win, and also avoid some of the worry that you are missing out on any potential future gain. You reset your stop loss level, and continue to follow the trade. If the pullback continues and pushes the price down, the trade is closed out on the stop loss, and you have the satisfaction of knowing that you made a good profit on your first half, and still held on to some of the profit from the second half. If the price goes back up with another push, then you stand to make more money on the part of your stake that you left in the trade, another reason for self-congratulation! You can repeat this process at each pullback level, getting the emotional high of making more profit and looking it in, without the worry that you have lost any chance of making more from the trade. It’s easy to see that making the trade this way is far more satisfying and rewarding emotionally than a straight in and out, and that’s why this lesson suggests that you consider scaling out of your trades, where appropriate. Related Videos: How to Hold on to Your Trading Winners 👍    • How to Hold on to Your Trading Winners 👍   Adding to Your Winning Trades, a Guide 👍    • Adding to Your Winning Trades, a Guide 👍   Scaling into a Position! Pros ✔️ and Cons! ❌    • Should You Scale Into Positions or Not?  P...   How to Scale Into Trades: 4 Rules for Scaling into a Trade    • How to Scale Into Trades: 4 Rules for Scal...   Strategy: Tactics for Scaling Into Trades As it Moves in Our Favour 👊    • Strategy: Tactics for Scaling Into Trades ...   Strategy: Tactics for Scaling Out of Trades 👊    • Strategy: Tactics for Scaling Out of Trades 👊   WHY YOU LOSE WHEN YOU INCREASE TRADE SIZE 👽    • WHY YOU LOSE WHEN YOU INCREASE TRADE SIZE 👽   Strategies for Scaling Out of Your Trades: How to Exit Winning Trades    • Strategies for Scaling Out of Your Trades:...   Position Size: When Is it Safe to Increase? Variable Trade Sizing Part 2 🚀    • Position Size: When Is it Safe to Increase...   Critical Analysis: Tips to Help You Increase Your Trading Size & Trade Bigger Positions 🐳    • Critical Analysis: Tips to Help You Increa...   Scaling Trading Strategy with Trailing Stops 👍    • Scaling Trading Strategy with Trailing Sto...