A trader explains his risk management method: enter full position, set a trailing stop just below a recent low to cut risk in half, then let winners run toward previous highs. He avoids moving stops to break-even early.
Something I don't do too often is take partials. I'm not the biggest fan of taking partials so in this specific scenario right now if I'm looking to take entries down here once price once I start getting this move up I'll look to trail my stop below this low. Essentially what I'm predicting is this low should not be revisited going to be left for the future trail my stop a little slow. So now essentially I've cut my risk almost in half from this original stop loss placement. I roll up below here and I let the trade do its thing. I'm not the biggest fan of setting my trade to break even unless I partial or like close majority out and then sure I'll let it ride be and I'll hold to further targets again I'll roll my here I'll let the trade play out and then I'll be looking to target this high and then finally this high on the left hand side.
