Tactically I haven't found a way to make scaling in to a day trade to make it make sense. Because essentially you've gotta catch the bottom or top of the range depending the ATR of the market you trade, for there to be room to essentially add (treating it as a second trade). Secondly It just feels like if I have a second setup it's just easier to take a second trade. Adding to positions make more sense to me in swing trades.
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@DavidSkerritt2 жыл бұрын
Good video Mark. Like you said this is more for a swing trade. I only scalp and that would be far to much for me to think about and manage quickly when I'm only in a scalp for 1-10 minutes.
@lovelaugh7299 Жыл бұрын
Good video. Im in forex my strategy is i enter the trade at a major point and i want 1 or 2 resistances over my break even. At that point i drag my stop loss to 0 and every new pullback i add a position until a new position would be under a 1:1 R and every SL is 0'ed after a new support or resistance depending on my position. I usually have 2-4 positions in 1 trade but only if im in a strong developing trend. I wouldnt do this if price moves very fast that will most likely ruin it. With this strategy i start my trades with a 1:1 RR and end up 4:1+
@Pete_James32 жыл бұрын
Would you hold a anticipation position then add on confirmation?
@tradergman67612 жыл бұрын
it all depends on the setup. I will add my biggest lot on anticipation because the risk is so low. As the trade works I will add incremental (smaller) pieces to the winner, to get more size on the trade.
@jadadedier51292 жыл бұрын
Perfect method for high drawdown
@nathanpaul882 жыл бұрын
Ye
@MagicRecovery2 жыл бұрын
Hi Mark, very good topic thanks
@AB-un2yr2 жыл бұрын
Great vid Mark, very helpful for the stage I’m at now!!
@pralhadgunhalkar74192 жыл бұрын
Excellent... God bless you...
@masterofus30982 жыл бұрын
Thanks so much for great video , i will deffo will backtest and master it on a long run bcoz adding to winners are the key to be great trader
@roeeashton92132 жыл бұрын
great video, I will try this out 🙏🙏
@lightkirsche2 жыл бұрын
It is like paddling downstream when things are setup right ...