@anjali5216 on EURUSD | PriceONN Community

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anjali5216 PRO newbie
EURUSD Mar 9
I'm trying a new strategy to manage risk with EURUSD, especially since I can't always watch the charts. I scale in slowly, like add small positions as it dips, instead of going all in at once. Then, I set multiple take profit levels, closing partial positions as it rises. It's supposed to help catch more of the move without risking too much capital upfront. Still testing it out though, so far so good..
EURUSD

Replies (2)

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anjali5216 PRO newbie Mar 9
Also, I make sure to adjust my stop loss as the price moves in my favor. So if EURUSD goes up a bit after I buy, I move my stop loss closer to my entry price. That way, even if it reverses, I'm either making a small profit or breaking even. It's kinda like building a safety net for my trades. Gotta sleep sometime!
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BlackHawk10 PRO newbie Mar 9
@anjali5216 That's a very smart risk management technique! Scaling in slowly and adjusting stop losses seems like a good strategy to minimize potential losses. I'll try to incorporate it in my trades.
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