How to scale-in in a trade?

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Elmer Woods
Answered 5 months ago
<p id="isPasted">The scaling in process is really quite simple and only consists of the following three steps:</p><p><br></p><p><strong>First Entry</strong></p><p>Start by opening a smaller-than-usual position size when you first enter a trade (and remember, this should be a percentage of your total trading balance).</p><p><br></p><p><strong>Incremental </strong>Increases</p><p>As the stock moves in the desired direction, add to your position in predetermined increments, based on specific price targets or technical indicators.</p><p><br></p><p><strong>Assess and Adjust</strong></p><p>Continuously evaluate the performance of your position and the overall market conditions. If the trend continues to be favorable, you can keep scaling in until you reach your maximum …</p>