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dnlmccormack

Taking Partials at R targets.

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dnlmccormack

So I have been watching as many of the Webinars and courses I can everyday, and have started sim trading. In doing so I have realized that I don't fully understand taking partials in conjunction with profit targets. Which leads to my questions. 

1. Say I want to take our first partial at 2R. Does that mean I want the entire trade to be equivalent to 2R at the partial? Meaning if the rest of the trade goes south and I have moved my stop to break even the trade would still constitute a 2R trade?

Or

2. The first target of 2R just applies to the partial? So that if the trade goes South and I close the position at break even,  my trade totals less than 2R. 

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dnlmccormack

Thank you. I thought that was how it worked but wanted to be sure.  I was going over my journal, and wanted to make sure I was doing the correct way.

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