Quote:
Originally Posted by dobro
I traded commodities many years ago; was doing very well until copper made a U turn- it took 2 1/2 days before my SL was honored and wiped out my acct. Good lesson, 2 yrs experience and zero +or- $. But something always made sense to me that comm. traders swear by: don't take profits off the table! Rhody mentioned scaling in and this is my thought - when you take a position why not enter with a very small position and then if the trade keeps going your way add another lot. If it continues to go, keep adding lots and adjusting the SL.
I never see this discussed or used with any strategy - must be some error in my thinking; comments?
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The Turtles were quite successful scale in traders.