When i enter with space and dont add or shedd.. it becomes pretty useless no?
I enter with 6 lots at XXXX and price moves in my favour to XXXX.
I wish to increase my position by 2 lots.
I do so after witch i move my fibo 8 lot line to the price.
Then price proceeds to go against me....
I quickly asses the situation and shed the 2 lots at a small lose and move
my fibo 6 lot line to the price.
And if i kept in.. and kept shedding.. at some stage.. i would only
have 1 lot left and price would have to go to the 00 to kill me?
Or ofcourse i could be adding along and then start shedding at
at a large body expecting a pull back but still staying in with
min. 4 lots.
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."