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Adding to winning position.
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Adding to winning position.

  #1 (permalink)
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Adding to winning position.

Is there a thread or info on the methods/strategies for adding to a winning position. I am looking to incorporate it into my trading, but it "seems" a bit counter-intuitive as you are in effect making your "average" price worse.

Thanks

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  #3 (permalink)
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jitasb View Post
Is there a thread or info on the methods/strategies for adding to a winning position. I am looking to incorporate it into my trading, but it "seems" a bit counter-intuitive as you are in effect making your "average" price worse.

Thanks

I personally have always found this to be difficult. It may be less so for something that trades a longer time frame, but for day trading I prefer to enter my position and scale out. One suggestion on adding would be on a strong trend day to add on pullbacks.

D

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Good question.

I would like to learn how to better manage my trades. This would include both when to HOLD FOLD, or Cash in.

The problem with trading is one needs to be right twice!
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@tigertrader is an expert on this, you will want his input on the subject...

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fyi


jitasb View Post
Is there a thread or info on the methods/strategies for adding to a winning position. I am looking to incorporate it into my trading, but it "seems" a bit counter-intuitive as you are in effect making your "average" price worse.

Thanks

Perhaps you are interested in the English version of a paper by Thomas Wacker then:
"Play Poker for Your Profits"

Page 8 - e_tr07_2012

He shows some methods and examples for getting better R:R ratios with scaling into positions.


Last edited by choke35; January 21st, 2015 at 05:37 AM.
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