Mira wrote:MO, is there a way to 'stack' with EIGHTS? If i add up when my trade is still open how do i keep count of the lines that i'm making/losing?
Thank you much!
'Adding' to a trade confuses a lot of people and that is why I would recommend that you just take profit and then adjust your position size;
but all that you are really doing is turning a dial which narrows the lines and one of those lines will rest on your last entry price:
you risk 2 lines, price moves up 1.5 lines, you add size, the lines become narrower, and it is 3.5 narrower lines until you lose 2 lines of your risk box.
Taking partial profits does the opposite, you are turning the dial and making the lines wider: you are up 3.5 lines, you take partial profit, the lines become wider, one of the lines rests on your last exit price, and now it is 3.5 wider lines to a stop of -2 lines.
What I would like to see you do is to either get out and adjust or reposition trades without adjusting; once you are comfortable repositioning your trades then adding size as price breaks below a pivot will be your next step.
To reposition you simply exit and then reenter as price breaks long.
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IS A LIE__________
