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DHby u/dharris·1dQuestion

Scaling out of positions on EUR/USD

Been trading forex for about 8 months now, mostly small positions on $EURUSD. I've gotten a bit better at entry, but my exits are still a mess. Specifically, I struggle with scaling out. I see a lot of talk about taking partial profits at key levels, but then often the price just keeps running, and I feel like I've left a lot on the table. For those who successfully scale out, do you have a set percentage at each level, or is it more reactive based on PA? And how do you manage the emotional side of watching a trade continue after you've taken some off?

2 comments · 1 points

2 Comments

DDu/daytrade_deniz·1d

The 'price keeps running' scenario is common. Perhaps define your 'key levels' more rigorously, or consider scaling out smaller percentages more frequently, rather than larger chunks.

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GEu/garcia_emma·1d

I've wrestled with this too. One thing that helped me was to define my scaling strategy before entry, based on the trade's initial targets and potential support/resistance. It helps remove the emotion of seeing it run further.

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