Its good logic if your system / method supports it as your in profit already good odds your with the trend, exactly the same as buying part of the way through a move which is more sensible than trying to pick a bottom, unless you've got a good Bottom system which likely involves averaging down.
But I do see the point on buying another when it all starts going my way, might consider it 1 day, when the account is huge ( no time soon )
I trade better with house money, until I hit a wall where my brain gets fried and my account reverses to Zero 5 times in a row, this wall is the £400 pyscological making stupid trades to get over barrier.
Years back, I failed totally to get my Stock account to 6K+, that ended the same way sadly I couldn't make money but I'd take 2K out ( nice ) then run it straight back to 6K just under then STUCK, the brains a stupid thing.
But I do see the point on buying another when it all starts going my way, might consider it 1 day, when the account is huge ( no time soon )
I trade better with house money, until I hit a wall where my brain gets fried and my account reverses to Zero 5 times in a row, this wall is the £400 pyscological making stupid trades to get over barrier.
Years back, I failed totally to get my Stock account to 6K+, that ended the same way sadly I couldn't make money but I'd take 2K out ( nice ) then run it straight back to 6K just under then STUCK, the brains a stupid thing.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!