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Issue 44 – Scaling In and Out of Positions

July 22, 2021


Small risks and large profits. That should be the goal of every trade and investment you make.

But how do you do that?

There are a few ways. However, today I’m going to discuss my favorite, and that’s scaling in and out of positions. I’ll explain how and why I do it and even give you a real-life example with today’s LINK chart.

Let’s get it!

Let the Market Prove Itself

I almost always scale in and out of positions. It doesn’t matter if I’m swing trading or investing with a much longer time horizon.

Having the ability to scale (or pyramid) in and out of positions is highly beneficial.

For one, you keep your risk small in the beginning and get to capitalize on any follow-through by scaling up that position.

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Trading Tools & Resources

The links below are affiliate links. Meaning that at no additional cost to you, I will earn a commission if you click through and sign up.

Bybit - My preferred exchange for trading crypto. Over 100 tradable assets, super competitive spreads, and the best mobile trading platform I've ever used. Use the link below to receive up to $4,000 USD in bonuses. Limited time offer! Note: US clients must use a VPN.

iTrustCapital - Where I invest in crypto for my retirement account. These are self-directed IRAs where you can invest in dozens of crypto assets and even gold and silver. Right now they're offering $100 in BTC when you fund an account with at least $1,000. Use the link below to claim this offer. 

TraderSync- The crypto trading journal I use and trust. Enter trades manually or import from dozens of brokers/exchanges, including Bybit! Track your win rate, average return, profit factor and identify mistakes to improve your trading. 

Justin Bennett

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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