spacamonte wrote:These are great posts. When you have an open position, how do you manage sleep? If you have a multi-day trade, are you moving stops before you add? I know building a rocket ship is the best plan, but the details of trade management for such a scenario is something I change my mind about all the time. Thanks for the honest posts...
If you follow MightyOne"s teachings you will normalize your risk as you go.
The adds are a bit of an artform and the market gives clues on how to add. I don't believe it to be a strict process.
Im awake during most of my trades otherwise I'll set SL and TP.
Might be best to figure out your adding process such as
1:1:1
1:1:2
1:1:1:1
4:2:1
2:1
1:2:4
LeMercenaire 1:1:1:1:1:1:1:1:1 stuck button
Etc.
There is no perfect process like LeMercenaire mentioned. Once you focus on the process and not on being perfect, Success will be closer.
