Scaling out of winners - how do you manage it?

asked by u/carmen52 · 15d · 0 answers

Still relatively new to consistently taking profits on winning trades, especially with how volatile some markets like $BTC have been recently. I've been aiming for a certain R multiple and then just closing the whole position, but I'm wondering if scaling out in chunks is a better approach. How do you guys manage that psychologically, or is it more of a pre-planned strategy to take off partials at certain levels?

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