Scaling in Flashcards
Every time you get into a strong breakout and your risk is far away what should you do?
Move your stop below the new leg
Who should scale in?
Traders with experience and consistent profits
Scaling In to Add to a Winning Position - Strong Trends add great opportunity to add on to a winning position
*It is tempting and difficult for beginners, as a common mistake for beginners is they do not know when to get out or they refuse to get out
Scaling In to Add to a Winning Position - Strong Trends add great opportunity to add on to a winning position
*It is tempting and difficult for beginners, as a common mistake for beginners is they do not know when to get out or they refuse to get out
Scaling In to Add to Losing Position
Scaling In to Add to Losing Position
Scaling In to Reduce Loss = Traders has given up on the hope of making their profit and now have shifted their focus to eliminate or reduce their risk/loss
Scaling In to Reduce Loss = Traders has given up on the hope of making their profit and now have shifted their focus to eliminate or reduce their risk/loss
When Scaling In I have to have a Plan.
How many times?
At What Intervals?
What Size?
When to Exit with a Profit or a Loss?
When Scaling In I have to have a Plan.
How many times?
At What Intervals?
What Size?
When to Exit with a Profit or a Loss?
Scaling in Is Common - Who Scales In?
Scaling in Is Common - Who Scales In?
Beginners Scale In With Dollar Cost Averaging
Beginners Scale In With Dollar Cost Averaging
Beginners Who Cannot Scale In Wait
Beginners Who Cannot Scale In Wait
Day Traders/Short Term Traders will scale into Losing Trades to Reduce their Loss and to Increase probability of profit
Day Traders/Short Term Traders will scale into Losing Trades to Reduce their Loss and to Increase probability of profit
Add to a Winning Position - Scaling into a BO
Add to a Winning Position - Scaling into a BO
If Position is Large - Be Quick to Take Profits
If Position is Large - Be Quick to Take Profits
Scaling Into a Bear BO - Sell The Close Bear Trend
*They’re many ways to Sell in a Bear Trend
Scaling Into a Bear BO - Sell The Close Bear Trend
*They’re many ways to Sell in a Bear Trend
When No Longer in a Strong BO it is a Great time to Reduce your Position or Exit the Market.
*Remember anytime you see the Strongest Bear Bars in the Trend it is a Probable Sell Climax and a great time to exit your short position as Bear know the market will not go down much further and Bulls will be waiting for a reversal up
When No Longer in a Strong BO it is a Great time to Reduce your Position or Exit the Market.
*Remember anytime you see the Strongest Bear Bars in the Trend it is a Probable Sell Climax and a great time to exit your short position as Bear know the market will not go down much further and Bulls will be waiting for a reversal up
Some Trades Buy and hold as they do not like getting in and then getting out and then getting and getting out again. So as long as the premise is still holding strong they hold their position.
Some Trades Buy and hold as they do not like getting in and then getting out and then getting and getting out again. So as long as the premise is still holding strong they hold their position.
If Adding to a Losing Position, You only want to do that if you believe your premise is still holding form and it is important to use the correct Stop
If Adding to a Losing Position, You only want to do that if you believe your premise is still holding form and it is important to use the correct Stop
When Big Position Has Big Risk - Be Quick to Take Profits
When Big Position Has Big Risk - Be Quick to Take Profits
Losing Position there is many ways to Scale In (Could Scale In @ 50% PB or TBTL)
*Many Experts would usually not hold through this deep of a PB. If your Plan is Failing GET OUT
Losing Position there is many ways to Scale In (Could Scale In @ 50% PB or TBTL)
*Many Experts would usually not hold through this deep of a PB. If your Plan is Failing GET OUT
Scale into Losing Position- Exit Breakeven on 1st Entry
Scale into Losing Position- Exit Breakeven on 1st Entry
Basic Rules - Position Size
Basic Rules - Position Size
Basic Rules - When to Add
Basic Rules - When to Add
Your Goal Depends on Strength of the Trend and PB
Your Goal Depends on Strength of the Trend and PB
If the PB is Deeper Than Expected - a TR is More Likely
If the PB is Deeper Than Expected - a TR is More Likely
2nd Entry Should Be at Least a Scalp Away
2nd Entry Should Be at Least a Scalp Away
Size of Position - Base It on Typical Risk
Size of Position - Base It on Typical Risk
“Skunk” Stops - Exiting in the Middle KILLS YOUR ACCOUNT. Do NOT just stick a Stop somewhere because you Cannot Take the Pain anymore; this is a losing Strategy.
“Skunk” Stops - Exiting in the Middle KILLS YOUR ACCOUNT. Do NOT just stick a Stop somewhere because you Cannot Take the Pain anymore; this is a losing Strategy.
Whenever they’re Bulls thinking there is something good enough to take profits they’re always Bears who think it is good enough to Sell
Whenever they’re Bulls thinking there is something good enough to take profits they’re always Bears who think it is good enough to Sell
When I have a stop far below/above and the market strongly reverses, make sure I exit my position before my stop gets hit. This is super important
When I have a stop far below/above and the market strongly reverses, make sure I exit my position before my stop gets hit. This is super important
Buying Late - Trade Small so you Can ADD During a PB
Buying Late - Trade Small so you Can ADD During a PB
