Support Board
Date/Time: Wed, 27 Nov 2024 13:08:16 +0000
Post From: Entering New Trades/Scaling
| [2023-08-13 23:36:52] |
| Taryn - Posts: 28 |
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Hey I am just having some trouble with scaling and entering new positions once in a trade. Imagine I am long 2 positions. I take profit on my first position and price keeps going up. The last remaining position I move to break even. I then decide to re-enter and go long again. The original position from the 1st trade, is now not at break even and in drawdown, as the average price has gone up. Is there a way to stop this from happening? I would want that position from the 1st trade that was at break even before I entered the new position to remain at break even and not be in drawdown when I enter the new position. Any help would be appreciated thanks
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