Forex Trading 2018- TA/FA- Setups and discussion, page-73

  1. 815 Posts.
    My Friend, might I make a suggestion:

    The next time you try a trade like this, keep your risk limited to 1% of your account. Since your stop is so tight, more often than not you will be stopped out. Now you want to catch the big moves with a big lot size? Just scale in. For example, when the position has moved into 1x profit, move your SL to BE and scale in another trade with a 1% sizing. This way as long as the move keeps going you can keep scaling into a big position of say 10% of your account with only 1% exposure.

    You will need to decide where to scale in and how to play with the stops but this will keep you from blowing up your account on a single trade idea.

    https://www.dailyfx.com/forex/educa..._trading_lesson/2012/12/31/Scaling_in_js.html
    Last edited by TwoHandsRevy: 04/01/18
 
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