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00:00 This video will improve your trading.
00:02 It's a very important point, so I want to see your opinions in the comments.
00:05 In trading, do you have to take partials?
00:08 That is to say, are you the kind of person who goes in and out of his position?
00:11 Or do you take several take profits throughout the trade?
00:14 We call that "scale out his position".
00:16 I will give you my plan in detail, what I do in relation to this.
00:19 But know that there is no right or wrong answer.
00:22 You can be perfectly profitable by taking or not taking partials.
00:25 The important thing is just to follow your plan.
00:27 Personally, I take partials, that's how I think.
00:30 You are in trade and you are in the right direction.
00:32 The market is giving you money.
00:34 You are on edge with the market.
00:35 It's like the door of the safe was open
00:38 and you are told "if you want, you can take a share, take it out and secure it".
00:41 And whatever happens, you keep this money.
00:43 Or you don't secure anything at all, but be careful,
00:45 at any time the door can close.
00:47 And not only do you win nothing, but you can lose money.
00:50 I think we have to be humble in the face of the market.
00:52 We are giving you money, you take it.
00:54 Now the question is why I take out just a part and not everything.
00:58 It's a bit the same metaphor, but not in the same way.
01:00 You are in the right direction, the market is giving you money,
01:02 the door of the safe is open.
01:04 Why are you leaving?
01:05 You have to be careful, but you have to know how to take advantage of it too.
01:07 I have a trade on Bitcoin and ETH, I have had them for weeks and weeks.
01:10 I am in the right direction, so you can trail your stop loss.
01:14 But I don't take it out.
01:15 Now, be careful when you take partials,
01:17 it has to be calculated and in line with your plan.
01:20 If your TP1 has a risk ratio of 1.2 and you take 75% of your position,
01:24 you are messing up your profit factor.
01:26 And the day you take a stop loss, you will have trouble going up.
01:29 I take 50% of my position on a risk ratio of 2.
01:32 I don't take anything out before.
01:33 In this configuration, it's like you just secured 1R.
01:37 1R is an additional trade.
01:39 That means that the next trade you take is free.
01:41 The second TP I take, I take it in relation to a structure.
01:44 So I look and I say to myself, this is a point where the market could turn around.
01:47 I take out the majority of what I have left and I leave 1R if I'm in the right direction.
01:52 Obviously, you have to manage the stop loss, the breakeven,
01:55 and we'll see that in another video.
01:56 Tell me if you too take partials.
01:58 I wish you good trades and I'll see you next time.