Lvup7 wrote:aliassmith wrote:Lvup7 wrote:
Hi Alias, How are ya?
What made you hold for that long?
Well I set it up and fell asleep.
Also can you please explain the add on part, where would you add on? What are each add on decision based on?
Adding is part science and part art. You will want to figure out how to add and keep your breakeven/Stoploss behind key levels. I try to make my 1st add in a position to move my stoploss to zero risk. I would start with a 1+1+1 add process to practice.
What do mean by "I try to make my 1st add in a position to move my stoploss to zero risk." I am coming from a snatch and grab anything can happen type of mentally so maybe its challenging for me to visualize it.
So what your saying is your initial stop moves up as you add to protect your entries you made earlier?[/quote]
Stoploss goes where the positions average.