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atlanta
Experience: Intermediate
Platform: sierra
Trading: futures
Posts: 404 since May 2015
Thanks Given: 58
Thanks Received: 205
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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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