Traders Laboratory - View Single Post - Scaling In and/or Out
View Single Post
  #7 (permalink)  
Old 06-24-2007, 03:05 PM
ItalianSharp ItalianSharp is offline
ItalianSharp has no status.

Trader Specs
 
Join Date: Mar 2007
Location: Albisola Superiore, ITALY
Posts: 32
Thanks: 0
Thanked 1 Time in 1 Post
Re: Scaling In and/or Out

I believe going all in at once is a bit unwise given the nature of the markets, which will almost always allow you to get in at a better price.

Let's say you want to go long 3 contracts in YM.

You get in with one contract at 13000. You keep the remaining 2 just in case you can get a better price within your stop loss range.

In this case, if you lose straightaway you only lose on 1 contract.

If you win straightaway, you'll win on 1 contract...yet it'll be a very easy and almost stress-free trade because it went your direction immediately. And I like that even if it's only a 1-contract position!

Reply With Quote