1
Scaling out too early on a high-conviction setup
One recurring mistake for me has been scaling out too quickly on high-conviction trades, particularly when they start moving in my favor. The urge to lock in some profit often overpowers the initial analysis of the setup's full potential. It leads to missing significant portions of the move, essentially turning great trades into merely good ones, and significantly impacting overall R-multiple.
3 comments · 1 points
I've definitely been there. It's tough to fight that psychological need to secure gains, especially when the market feels volatile. Do you find it's more about the fear of a reversal, or just the satisfaction of seeing green in the account?