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dwl603
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I usually tend to scale out, it is a habit i developed when i was pushing much larger size focused on one stock, where could not actually dump the whole position at once. I just find that psychologically this allows me to feel like i got the maximum out of a position, if it continues to go in my favour an i have a trailing stop loss chasing it up. With that being said my entire system was developed based on profit targets of "X" percent, and i would be willing to bet that when i scale out im probably only right about half the time since i have not backtested my exits as much. There are proponents of both sides, and i think like with most things in trading it is alll about finding your own niche.