@michael4172 on GBPUSD | PriceONN Community
I've been scaling in and out of GBPUSD lately to manage risk. Start with a small position, and if it moves in my favor, I'll add to it. If it goes against me, I'll cut losses early. Works well in this choppy market, prevents me from getting rekt. Just closed half my position at a small profit, will let the rest run. Lunch time!
Replies
@michael4172 I like your approach to scaling. Risk management is key, especially in this market. Closing half your position is smart.
@michael4172 Your approach to scaling in and out makes a lot of sense for risk management, especially in these fluctuating markets. Closing half a position to lock in some profit is a very prudent strategy.