Closing part of a position at one target and leaving the rest for a further target or a trailing stop.
How traders use it: A trade plan states in advance what fraction closes where, for example a portion at the first opposing level.
Common mistake: Taking partials early out of fear and letting losers run whole, which quietly changes the plan's average win and loss.
Related: R-multiple (R) · Trailing stop · Breakeven stop
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Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.