I am really enjoying what you are doing here as I watch the NQ go nowhere fast. Certainly takes some balls to press like that. I'm still growing mine with some good fertilizer from your and tigertraders' threads among a few others.
I think we should have a contest for the biggest balls award here at Big Mike's. I will be the first to nominate tigertrader for the 1st annual biggest balls award for pressing the crap out of a trade. I nominate wldman for the biggest growth and up an coming biggest balls award.
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spastic on that sell button if I was not trying to figure out what the hell was going on or post the details here.
But YES, it is absolutely essential to grow a huge set for pressing winners. Most guys get it wrong backwards...they expand their risk and let losers run because their analysis and view is more important than actual price data. The average in or pressing a loser is for, well losers.
When you can add to a position and still have a first stop that locks a profit you should add to the winner till your balls fall off because you almost certainly can not lose. Press the shit out of the winner till a pullback takes you out locking a nice run. I am not the King of the super press. Some guys will leave their stop at original level or break even. I like to lock the profit and move that profit lock to trail a runner.
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