I've noticed this an area of difficulty with me. I find that I have a difficult time managing the positions if the second one happens to go negatively.
While just not opening new positions or, at least further away, would seem like the logical answer, I'm looking for something a bit more methodical.
What kinds of strategy do you employ in these situations? Smaller position sizes for the additional positions? Do you use a set amount you have to be in profit before you add, or discretion?
While just not opening new positions or, at least further away, would seem like the logical answer, I'm looking for something a bit more methodical.
What kinds of strategy do you employ in these situations? Smaller position sizes for the additional positions? Do you use a set amount you have to be in profit before you add, or discretion?