Received 8 Karmas
Pandabear
1
Pandabear Sep 21, 16 5:19 PM

My problem is I never let it reach my target. lol. So I will try that tomorrow and when I'm a bit more consistent I'll scale out. Thanks!

Palmer
1
Palmer Sep 22, 16 8:37 AM

@Chongette32 then you can do the following...say you bank a certain amount on the first half, either $ or %. Then use that as your stop amount level on the remaining half but still bank enough to cover commissions. In other words, say you pay $10 (in and out) per trade. You made $200 on the first half. So, if the second half starts to pull back use a $180 stop loss on the second half. If the second half gets stopped out then your net loss/gain is $0. Or use half of the profit from the first half

Palmer
1
Palmer Sep 22, 16 8:38 AM

so you at least bank something. Lots of options here.

Pandabear
1
Pandabear Sep 22, 16 2:40 PM

I will try it. Thanks!

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