Hey everyone, still trying to get my head around scaling out of $BTC positions effectively. I find myself often taking too much off too early, or holding on too long when it dumps. For those with more experience, how do you generally structure your scale-out strategy on a long-term hold or even a swing trade?
For long-term holds, I've found a simple percentage-based reduction at key resistance levels or after significant pumps works best to avoid overthinking. For swing trades, setting predetermined profit targets for partial exits and sticking to them has been crucial.
The issue might not be the scaling strategy itself, but rather the initial thesis. If your entry and projected targets are solid, the scaling becomes more systematic. Are you pre-defining your scale-out points based on price action or just reacting?