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Adding to winning position.


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Adding to winning position.

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  #11 (permalink)
Merkd1904
Atlanta, Georgia
 
 
Posts: 94 since May 2021
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wBobby View Post
I remember reading in "Way of the Turtle", by Curtis Faith, that one of the key factors in the Turtles' profitability was adding to winning positions.

I've also read a few articles that suggest that scaling in does indeed increase profits, and scaling out is mathematically proven to reduce returns.
It does seem intuitive to me that adding to positions that have moved in your favour is common sense, since your analysis has essentially been proved correct. And that scaling out is the opposite of that.

I'm pretty sure I read a similar logic about Jesse Livermore's technique.


For me the problem is adding at the right time. About 50% of the time my additional entry will be good. The other 50% i essentially ruin a decent to perfect entry on the first contract or contracts and end up having to can the entire position for half of what it could have been.


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  #12 (permalink)
TickTricksta
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Did you try just adding half of your initial size at for example pullbacks or are you adding another full size position?
I always try to add smaller the further my trade has gone since a pullback or reversal is bound to happen eventually.

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