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Should You Always Scale Out of a Position? How do you exit a trade? When trading we often face the decision of where to exit the trade? Should we exit the position all in one go or in tranches? What is your advice on the best way to scale out of a profitable position when you are day trading or swing trading? How do I scale in and out of trading stocks and why is it good?
The nice thing with spread trading is that it allows you to easily scan in and out of positions at no extra cost. What are the pros and cons of scaling? The obvious advantage is that you don't need to be right.
Scaling Out of Trades: Pros and Cons
Pros
- Don't have to be right.
- Can scale at key levels.
- You can leave a runner.
- Manages risk better.
Cons
- Leaving money on the table.
- A target is a target.
- It is scared trading.
- You are the lightest in your best trades.
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