You don't have to get in or out all at once.
Scaling in
Add to a winning trade as it moves in your favour, often after each new pullback. Move the stop up so total risk stays at or below your original risk.
Scaling out
Take part of the profit at the first target (say half at 1R or 2R), move the stop to break-even, and let the rest run.
Wick says
Scaling into a LOSING trade isn't scaling. It's averaging down, and it's how small losses become giant ones.
Pro tip
Scaling out feels great psychologically: you lock in profit and still have a runner for big moves.
Key takeaways
- Add only to winners, never to losers.
- Partial profits + break-even stop = a "free" runner.
- Keep total risk within your plan at every step.