Fixed targets or trail? You can have the best of both worlds. Scaling out at one level feeds that greedy devil on your shoulder. There is satisfaction. It also can tune your subconscious into believing you are a consistent winner. What better way to be handle draw downs, losing trades, missed opportunity if deep down you know you are a winner? Trailing positions you if and when the market breaks out and goes for a run. Now, not everyone can or should trail. It takes a little willingness to watch profits evaporate. Watch full position losers. Watch break even partials. For that that can though, it has the ability to give you returns that you won’t ever see at your bank or most managed portfolios.
This video is going to cover a few things to keep in mind if you decide to go down the trail road. I forgot to mention in the video and there may be questions so Yes, I missed a re-entry setup on the GBPUSD. By the time I zeroed in on it, I would have been chasing. Missed opportunity to pad the day but to me, a lesson in discipline.
Full Video
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