3R, 2R, 1R exits won't let you trade in sync with the market.
When a trade moves by 1R the trader should not allow it to result in a loss. Make it a breakeven trade. That can be achieved either by partial booking of profit by keeping the SL intact for the remaining position or by moving the SL to breakeven. Second choice does not give much room for the price to oscillate.
Multiple entries and multiple exits give a cushion of adjusting for volatile markets. It should not result in averaging a loosing trade.
Booking of profits at probable junctions of price is important which may not result in your target hit.
Have a reason why you exited prematurely. Premature exits should be equally distributed between winners and loosers.
Cutting losses short also mean that when the trade is threatened to reverse, you have a valid reason to exit prematurely. In the process, donot comprise on giving sufficient room to oscillate for the price in the direction of trade.
When a trade moves by 1R the trader should not allow it to result in a loss. Make it a breakeven trade. That can be achieved either by partial booking of profit by keeping the SL intact for the remaining position or by moving the SL to breakeven. Second choice does not give much room for the price to oscillate.
Multiple entries and multiple exits give a cushion of adjusting for volatile markets. It should not result in averaging a loosing trade.
Booking of profits at probable junctions of price is important which may not result in your target hit.
Have a reason why you exited prematurely. Premature exits should be equally distributed between winners and loosers.
Cutting losses short also mean that when the trade is threatened to reverse, you have a valid reason to exit prematurely. In the process, donot comprise on giving sufficient room to oscillate for the price in the direction of trade.