Sizing and position is very key to feel comfortable within a trade. Ultimately if you are not comfortable you will make irrational decisions that will hurt a good trade or set you up to blow up an account long/ short. Locking in profits into run ups (longs) and washes (shorts) will give you confidence to re evaluate a position while sizing back in for more gains when you already have profited from earlier. Hope this helps.
Posted Jun 08, 20 4:46 PMbyArtOfWar
Categories
Price Action: Consolidation
Tickers
IZEA
Thank you for the review
Thanks Ellis, this is one of the counterintuitive lessons I feel like Sykes always mentions, but love how a video about sizing in and adding starts with you selling off to clear the mental hurdle first and give you comfort and confidence to accurately read the trade for what it is. Cool stuff, thanks!
Thank you Ellis
Thank you Ellis
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