I recently talked about "doubling up": To place new orders every week, regardless of the open positions. For example, if you already have a long trade open from the previous week, you would still place a new buy order for the upcoming week. [see post #388]
I think it might be wise to only double up if the open position shows a profit. In other words, I would not add to a losing trade.
I think it might be wise to only double up if the open position shows a profit. In other words, I would not add to a losing trade.