Trading mechanics
Partial close
Closing part of a position while leaving the remainder open. It banks some of the result and reduces the risk carried by the trade without giving up exposure entirely.
Also called: Scaling out
GFN’s figure
Each leg of a partial close is still a trade on a GFN account, so the 2 minutes minimum hold applies, and each leg pays $3.50 per side, $7 per lot round turn.
In detail
Partial close,explained
Partial exits change the arithmetic of a strategy rather than improving it automatically: they raise the win rate and lower the average win, which can help or hurt depending on how the edge is distributed.
On a prop account they are most useful as a risk tool. Halving a position halves the floating loss it can produce, which directly restores daily allowance.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Take profit
A resting order that closes a position at a target price. Paired with a stop loss it fixes the reward-to-risk ratio of a trade at the moment it is placed, before the outcome is known.
Break-even stop
Moving a stop loss to the entry price once a trade is far enough into profit, so the position can no longer produce a loss. It removes risk from the trade at the cost of a tighter exit.
Position size
How many lots a trade is placed in. It is calculated from the dollar amount being risked and the stop distance, not chosen first - which is the reverse of how most traders approach it.
Commission
An explicit per-lot charge for executing a trade, usually quoted per side. Two sides make a round turn, so the quoted figure has to be doubled to get the cost of a completed trade.
R-multiple
A trade's result expressed in units of its initial risk. Risking $200 and making $600 is +3R; hitting the stop is -1R. It makes results comparable across account sizes and position sizes.
Ready when you are
Your capital stays yours.The risk is ours.
One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.
No subscriptions or hidden fees
Payouts every 14 days
$400,000 max total allocation