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New here, curious about scaling winners
Hey everyone, just joined. Been trading equities for about a year and a half now, mostly swing trades. I've got a decent handle on my entry criteria and risk management per trade, but I'm still figuring out the best way to scale into winners. Does anyone have a preferred method or resources they'd recommend for managing partial take-profits versus letting winners run, especially when you've got multiple positions on?
1 comments · 1 points
Welcome! Scaling winners is definitely a nuanced area. Have you experimented with taking a small partial profit at a key resistance level and then moving your stop up to break-even on the remainder? That often helps manage the mental game of letting a runner go.