Managing Breakout Trades by Ken Calhoun
Your order has been filled and your trade is breaking out in your favor. How do you manage the trade to maximize profits? Here are a few techniques you can apply that are safer and less risky than not actively managing your position.
Deciding on initial stop-loss levels and where to add to winning positions are key decisions you face as an active trader. Simply entering and hoping for the best without placing tight stops is how many traders unsuccessfully approach the markets. Instead, using simple price-action technical stops and scale-in entries can provide...