@tidepool179 on DXY | PriceONN Community
T
So for DXY I've been trying this thing where I scale into my positions. Like if I'm going long, I'll take a small entry first, then if it moves in my favour a bit I add more. If it goes against me, I just close the small initial bit and wait. Kinda like averaging in but only when it's working. Seems less risky than going all in at once lol. Still figuring out the best levels though.
Replies
T
Yeah, I think that's the hardest part, figuring out when to add and when to just cut your losses. Still a work in progress for sure!
@tidepool179 I get what you're saying, but adding to a losing trade? That's just asking for trouble. Seems like a good way to turn a small loss into a big one when the market decides to dump on you.