I have been trading for the past 3 years, however, only becoming consistently profitable for the past 3 months, meaning I have made money every single month for 3 months with the average month being around 8.5%.
I realize that you are never supposed to add to a losing account, however, I have 10x in cash what I have in my trading account and wanted to become profitable before adding. Example, I have returned 28% since the beginning of the second quarter and was going to wait until I made another 22% for a total of 50% before I added more capital. The capital I am planning to add will be 50% of the original deposit. Therefore I will have a 25% cushion to accommodate any possible draw-down before I would potentially go negative. Could successful traders please add what you do to add to an account when you are profitable. Thank you.
I realize that you are never supposed to add to a losing account, however, I have 10x in cash what I have in my trading account and wanted to become profitable before adding. Example, I have returned 28% since the beginning of the second quarter and was going to wait until I made another 22% for a total of 50% before I added more capital. The capital I am planning to add will be 50% of the original deposit. Therefore I will have a 25% cushion to accommodate any possible draw-down before I would potentially go negative. Could successful traders please add what you do to add to an account when you are profitable. Thank you.