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eternalfuture · 12-12-2003, 01:21

Mathisfield,

I believe when you have a winning position, it would be a good idea to add more lots to it, provided there's a reason (TA-based/Fundamental-based ... whichever you are using) to support the re-entry. Don't forget to use the stops. They can be used to protect your 'unrealized' gains, too.

In my place, the required margin to enter 1 lot size is $1000. You can let your running profit to reach $1k then you re-enter. It's an alternative. You can also re-enter based on your signals. But re-entering after you get your extra cash would also a good idea.

Once you reach your target, you can trail the stop. From smaller risk, breakeven, then to larger profit.

Well, that's just my thoughts.

Good luck, good trade.

12-12-2003, 01:21	#3
eternalfuture Padawan Join Date: Aug 2003 Posts: 892 Downloads: 0 Uploads: 0 Rep Power: 0	Add into winning position(s) Mathisfield, I believe when you have a winning position, it would be a good idea to add more lots to it, provided there's a reason (TA-based/Fundamental-based ... whichever you are using) to support the re-entry. Don't forget to use the stops. They can be used to protect your 'unrealized' gains, too. In my place, the required margin to enter 1 lot size is $1000. You can let your running profit to reach $1k then you re-enter. It's an alternative. You can also re-enter based on your signals. But re-entering after you get your extra cash would also a good idea. Once you reach your target, you can trail the stop. From smaller risk, breakeven, then to larger profit. Well, that's just my thoughts. Good luck, good trade.