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Adding to Winners
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Adding to Winners

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Elite Member
atlanta
 
Futures Experience: Intermediate
Platform: sierra
Favorite Futures: futures
 
Posts: 398 since May 2015
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Adding to Winners

Of course, adding to winners is a very profitable way to trade. My question is when adding to winners, which inherently lowers your average, how does that affect your exit/stop? When it comes back the now shorter distance to your breakeven do you take some off? Exit completely? Because now when it goes against you you are losing more then your original stop had dictated. But the resistance that you were stopping out beyond wouldn't have been broken yet with this new lower average. just curious what peoples thoughts are on this method and general strategies.

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Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,096 since Dec 2013
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Doesn't answer your question but you might find this post interesting. 34 Likes but not a single reply!

Why you should add to winners and never add to losers

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