MULTIPLE POSITIONS If your account is big enough, instead | ExtrovertVIX Free Signals 💰
MULTIPLE POSITIONS
If your account is big enough, instead of having 1 big position you can have multiple positions. You will be able to take profits in stages and then also have a chance to take deeper profits.
Take Profits after the first fast move or big spike (scalping). Usually happens when trades jump into profits.
Take Profits after a deeper move into profits. Say at Take Profit 1 or just before.
Lock trade with Stop Loss slightly above entry (in case of Buy) or slightly below entry (in Sell). We always want to allow a good breathing room so that trades are not stopped out fast. Keep adjusting the SL (trailing SL) as the trade goes deeper into profits. See more notes on how to trail below.
You can estimate Take Profit levels around support and resistance areas. We may also hold until the setup is violeted and there are obvious signs of reversal.