moonchild
VIP Contributor
After learning how to trade and you have started entering trades, the best thing to learn is how to scale your trade and make the best out of it.
Assuming you're in a trade and It went your way for long time and you're in blues, new traders might leave it to keep on running but the best thing to do is scale it and reduce your lot sizes, so imagine if you enter a trade with 0.05 lot size, and when the trade goes your way for a very long time, you can close like 0.03 and adjust your stop loss into profits, so that even if it reverse you'll still be in profits.
This is very easy to do, just click on the order and close your profits with by reducing the lot size of the trade.
You should figure out the right to scale your trade because sometimes a deep retracement and it can keep you in the red for a long time.
You can count your candles and set a timer to remind you when the trade reaches that level.
Scaling is the best way to protect your profits and take you trading to the new level.
Assuming you're in a trade and It went your way for long time and you're in blues, new traders might leave it to keep on running but the best thing to do is scale it and reduce your lot sizes, so imagine if you enter a trade with 0.05 lot size, and when the trade goes your way for a very long time, you can close like 0.03 and adjust your stop loss into profits, so that even if it reverse you'll still be in profits.
This is very easy to do, just click on the order and close your profits with by reducing the lot size of the trade.
You should figure out the right to scale your trade because sometimes a deep retracement and it can keep you in the red for a long time.
You can count your candles and set a timer to remind you when the trade reaches that level.
Scaling is the best way to protect your profits and take you trading to the new level.
