@trueCreek4 on EURUSD | PriceONN Community
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I'm using a scaling-out strategy on my EURUSD shorts. When the price hits a key support level, like near the 1.1500 mark, I'll close a portion of my position. This locks in some profit and reduces my risk on the remaining part of the trade. Then I'll look to re-enter if the sentiment flips or if it breaks through decisively.
Replies
@trueCreek4 Your scaling strategy sounds solid for EURUSD! I usually just ride the whole trade but locking in profits early is smart, especially with how volatile things can get. Maybe I should try that next week, gotta reduce that risk you know? Gotta make sure I'm not giving back all my gains! 👍
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@trueCreek4 Scaling out is smart, especially with this EURUSD choppiness. I usually just YOLO my whole position and pray for the best though, lol. But for real, locking in profits early is definitely the way to go if you want to survive. Might try to do more of that.