Scaling In On Winning Trade!
Updated
Believe in your strategy more than your indicators! Clear real-life demonstration of how to scale in on a winning trade!
#Benefits:
Risk-free trade cause once if we got profit on a trade we can let our existing profit to bear upcoming risk/loss in further new added trades.
Profit maximization by adding multiple trades in bits and pieces after each successful old trades.
Psychological relief.
Protecting profit just in case price suddenly reverse.
#Benefits:
Risk-free trade cause once if we got profit on a trade we can let our existing profit to bear upcoming risk/loss in further new added trades.
Profit maximization by adding multiple trades in bits and pieces after each successful old trades.
Psychological relief.
Protecting profit just in case price suddenly reverse.
Note
Total Target Profit: $1,200Total Target Pips: 160
First trade: ( 80 pips * 2 = 160 pips * $5 (0.50 lot per pip movement value) = $800)
Second trade: (80 pips * $5(0.50 lot per pip movement value) = $400)
Total: $800 + $400 = $1,200 :D
Trade closed: target reached
Wonderful target reached!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.