Scaling up a Trade
June 25, 2006 by Trader Rich
There's a new article on Investopedia by FXCM strategist, Boris Schlossberg on scaling up a trade. Scaling up a trade is to add to a position ONLY after it becomes profitable. Most traders may be familiar with the scale down trade which is adding to a losing trade. Richard Dennis, a very famous pit trader stated that scale up trades are only successful 5% of the time. This technique seems like it is for more risk tolerant traders and not for me. With great risk sometimes comes great reward though.
You can check out the article at http://www.investopedia.com/articles/forex/06/ScalingUp.asp
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