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WonderMellon

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  1. Brand new here (second day) I have a question on risk management and exiting positions. Guidelines say to take a position size based on your risk level and then follow the exit strategy based on your plan. 1R all or nothing, 2R all or nothing, 25% at 0.5R, etc. What I see in the You Tube recaps and when viewing the screen share is an initial purchase and then almost immediate scaling out over 5, 10, 15 executions or more. The only way I can see that strategy working would be to take a massive position initially and then scaling down quickly to a more meaningful risk level until you finally exit the position at break even or at a higher level. I am asking out of curiosity, not criticism, as I don't really understand the trade management. Thanks for any insight you can provide
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