Scaling out on winning trades – what's your process?
Hey everyone, been trying to get a handle on managing winning trades better, specifically when it comes to scaling out. I've read about taking partial profits at key resistance levels or after a certain percentage gain, but I always struggle with the 'how much' and 'when' without giving back too much or cutting potential gains short. For those of you who scale out regularly, do you have a fixed percentage you take off, or is it more discretionary based on price action? How do you decide your exit points beyond the initial take-profit? Any insights into your actual process would be super helpful, as I'm trying to refine my own trade management.