Question about scaling out of positions, specifically with stop loss management

asked by u/nbondarenko · 20h · 0 answers

Hey everyone, been trying to get a handle on scaling out of positions as I improve my trade management. I generally have a fixed risk per trade, say 1% of capital. When I scale out, for example, taking 50% off at R1, I usually move my stop to breakeven for the remaining portion. My question is, how do you all typically adjust your stop loss on the remaining position after taking partial profits if the initial stop was quite wide? Sometimes moving to breakeven feels like it chokes the trade, but I also don't want to give back too much. Is there a more nuanced approach than just breakeven or initial stop for the rest of the position? Specifically for equity trades, not options.

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