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TRADER should always have a plan to either scale-in or to reverse a trade (to be discussed in a future thread), and the scale-in price should be a point where he could have taken a trade in the first place. |
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Jerry, I'm a little confused by this part. Maybe it would have to do with going reverse on the trade but say in that example you had waited until price had gone back to the wvap to even start the trade. Wouldn't you have not scaled in at the
vwap and put on your full risk tolerance right away since that will be the highest probability trade you can get? I also don't see where above the wvap you would even want to scale in since if price had gone up to the
pvp would'nt you have used that as your system stop?