I don’t scale out because I don’t believe the maths makes sense to exit part of a position at one point and then hold a smaller amount of contracts at the most profitable point. I prefer one entry and one exit.

Thanks Nial for your effort to provide genuine leadership and guidance to the emerging traders.

All you need is to read and understand this book AND have an edge AND have a very strong believe in it !

Obviously, there are positives and negatives to both approaches. For the “let it run” mindset, I’ve been in situations where I’ve closed the position too early, or not early enough. Recently, not closing a position early enough wiped out a big winner – turning it into a loser – on a recent short I had on the Euro. The experience was frustrating to say the least.

I recently read a post of yours, Nial, where you had said in your experience a 2x return is the most consistent win you’ve seen in your trading career. I’m just about to a point in my trading where I intend to abandon the “let it run” approach in order to remove all remaining emotions in my edge. For me, ensuring that I locked in 2x is easier to manage emotionally on a trade that ran than daily questioning whether now is the time to close the trade. Any thoughts/comments you have would greatly appreciated.

but still, I want you to differentiate between support / resistance and demand / supply.