Enter step by step
One way that some experienced traders use to enter into a long term position is by scaling into a trade in small positions. By adding a number of positions over a period of time it is possible to guard against the risk of being overly fixated on one individual price point. This type of trading works really well when you have a general bias for the direction of an instrument, but timing the entry is tricky.
The next time you have a firm conviction for a trade over the medium term don’t forget that scaling in small positions over a period of time is a strategy worth considering.