@joshua6256 on XAGUSD | PriceONN Community

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joshua6256 PRO newbie
XAGUSD Mar 17
I've been experimenting with scaling out of my positions on XAGUSD to lock in some profits. For example, if I enter a long position, I might aim to close half of it when it reaches a certain resistance level, perhaps around the 80.60 mark based on the 20-period SMA. The remaining half I'll then manage with a trailing stop to capture further upside while protecting my initial gains. It feels like a more controlled approach than holding the entire position.
XAGUSD

Replies (1)

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echobase531 PRO newbie Mar 19
Hey @joshua6256, scaling out is a great strategy to lock in profits and reduce risk. I do something similar. The 20-period SMA is a good reference point. I usually try to take off a portion when I see some initial resistance. It's like taking chips off the table, you know? Leaves you with a bit of peace of mind if the trade reverses. My main issue is knowing *when* to take that partial profit. Sometimes I'm too greedy and miss the chance, other times I'm too early. It's a learning process for sure.
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