Trading Lab/ Guide/Placing & managing trades
Placing & managing trades

Managing a live position — Add, Trim, Trail, Exit

What each of the four position buttons does, and when each is the right call.

Once you are in a trade the trade bar becomes the position bar. The top line is the state of the trade; the bottom line is what you can do about it.

The position bar: side, size, entry, price, stop and target on top; ADD, TRIM, TRAIL SL and EXIT below.
The position bar: side, size, entry, price, stop and target on top; ADD, TRIM, TRAIL SL and EXIT below.

The top line

  • Your side (LONG or SHORT) and quantity.
  • Entry, CMP (current price), Stop and Target.
  • A bar showing how far price has travelled between your stop and your target.
  • Live profit and loss on the position.

The four buttons

ButtonKeyWhat it doesWhen it is the right call
+ ADDB/SAdds to the position on the same side.Only when the trade is already working. Adding to a loser is averaging down — the classic account-killer, and the coach will say so.
½ TRIMCCloses half the position at the current price.Banking part of a winner while leaving the rest to run.
↗ TRAIL SLTStop follows price in your favour, never widens.Once a trade is meaningfully in profit and you want to stop babysitting it.
✕ EXITXCloses the whole position now.Your reason for being in the trade has gone — not because it is uncomfortable.

The habits the coach is watching for

  • Cutting winners — exiting a good trade early because the profit feels fragile.
  • Holding losers — sitting past your stop and hoping.
  • Averaging down — adding size to a position that is going against you.
  • Revenge entries — jumping straight back in within a few bars of a loss.
  • Overtrading — entries stacked a couple of bars apart with no reason behind them.

Each of these costs Decision Quality whether or not the trade made money. That is deliberate.

Reminder. The Trading Lab is an educational simulation running on synthetic data with play capital. Nothing here is investment advice, no buy or sell call is given on any real security, and no claim is made about returns.

Try it in the Arena.

Reading about it only goes so far — the skill comes from the reps.

Enter the Lab

The Trading Lab is an educational simulation running on synthetic data. It is not investment advice, gives no buy or sell calls, and makes no claim about returns.