newscalper wrote:Karma wrote:Injecting profit is highly profitable within reason
if used constantly you open yourself up to losing all of your gains on a mistake
Aiming to make the same trade over and over again until it works out can turn into monumental gains if you liquidate and reopen it at a retracement everytime the move doesn't complete. Because when you risk your gains with your bias and it goes your way, thats when they need the tool to push all the chips your directions
As far as intelligent risk goes, theoretically so long as you are making gains and trading higher than your high water mark. you'll always be risking X% of your profit from the last trade
Until your run of luck ends on the last trade in the sequence and you lose the lot. It'll only work if there is an x% gain target and at that point you stop, put the space onto the capital side of the ledger and start accumulating again.
Absolutely, aiming for a particular % gain or as I believe MO has often said until you finished your plan. Until the particular long term trade you are focusing has panned out