[mathisfield]

Wonder how many people "scale into" a position. This obviously works more effectively on long term, such as daily charts.

For example:

I decide I want to buy $300K of EUR/USD, based on EMA signal on my daily chart. On day 1, I invest 100K, and standby and watch the price action.

If the price continues to increase, I invest another 100K on Day 2, and standby and watch.

If price increases again, I invest final 100K.

Hopefully (!!) the price continues for a few months uptrend.

This seems to be a way to protect my capital, since if on Day 2, price reverses, I loose XXX% of my initial 100K, and I get the hell out.

thoughts/comments?

anyone doing this