Re: profit targets
its interesting that you mentioned that, going all in at once. My mentor loved scaling in and out, but i have seen other pro's, like linda raschke talking about how she enters full size at the market. Once of the reason why i like to scale in and out is because most trades i take never work emmidiately. Market always bounces up and down. Most of the time, i've scalped enough points during when the trigger went off that if my initial position does turn out to be a loser, its a scratch trade. If it does work out, i add to it. So most trades are potential big winner, potential small winner, potential small loser, and NO potential big losers(very rare).
But i wanted to know what others poeple experiences have been( hopefully at least a couple of years of daytrading). Im am willing to change the scenerio above to include potential big losers only if my winners are going to be really big and my bottom line is giving me better results.
It seems like you have tried both types of trading, and I appreciate your comments. Would be nice to hear other opinions as well.
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