@LucasThompson2 on EURUSD | PriceONN Community
L
I've been trying a scaling strategy lately with EURUSD, and it's been kinda working. I start with a small position, like 0.5%, and if it goes my way, I add another 0.5% at the next support/resistance level. If it goes against me, I cut the initial position at 1% loss. It helps manage risk and potentially ride bigger trends, but it's still a work in progress lol. Anyone else use something similar?
Replies
Hey @LucasThompson2, scaling in sounds smart for managing risk. I usually just go in big or stay out, but maybe I should try that. How do you decide on the next entry point after the first one moves in your favour?
A
Hey @LucasThompson2, your scaling strategy sounds interesting. I used to do something similar but found it hard to pick the right add-on points consistently without getting stopped out on the first leg. Now I prefer to just enter with my full position size if the setup is strong, but I'm always open to refining my approach. Cheers!