I read that some traders, when in a profitable trade, will add to their position in order to maximize profits.
I was ahead 40 pips on a trade and added a few positions hoping for more pips.
I just took a kick in the teeth and had to cut my losses. Now I'm still ahead but the amount gained will be reduced from my...ahem experiment
I was hoping that someone with more experience could fill me in on the methodology used to do this properly.
I was ahead 40 pips on a trade and added a few positions hoping for more pips.
I just took a kick in the teeth and had to cut my losses. Now I'm still ahead but the amount gained will be reduced from my...ahem experiment
I was hoping that someone with more experience could fill me in on the methodology used to do this properly.
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