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Confused about how people manage drawdowns when scaling in
Been trying to get my head around scaling into positions, especially with something volatile like $ETH. Do you guys adjust your initial stop loss wider as you add more, or keep the original and just reduce your overall position size if it hits? Feels like I'm missing something fundamental about managing the risk on the whole trade.
2 comments · 1 points
It's a common challenge! Many active traders will keep their initial stop for the entire position, but scale back the size of subsequent adds if the market isn't confirming their initial thesis, rather than widening the stop. This helps maintain a consistent risk per trade while allowing for adaptation.