【4/1 1戦1勝 +166pips】GOLD Trade Commentary｜Decision to add positions when the price is moving in your favor
"Even though you know it's growing, you can't add an extra position"
This is a fairly common dilemma.
When the initial position you entered grows, even though you know, "If I add one more lot here, I could make even more," in reality it’s hard to enter it.
The reason is clear,"I'm afraid of losing the profits I already have".
If you add an extra position and it goes against you, the profits you had already captured can be eaten away.
That fear logically stops you from making a sound decision.
But this way of thinking itself is off.
The risk of an additional position is determined by the stop-loss width of the additional position itself, andit is correct to think of it separately from the profits you took earlier.
Place a stop-loss on the existing position at break-even so that you are in a state where you can’t lose anymore.
Then add the new position with a new stop-loss width.
That’s all there is to it.
In this chart, there were points of pyramiding as well.
Please look with awareness of "where adding would be most effective" ^^
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Now, to the main topic.
As I’ve said many times, in this Investment Navi+ we explain in detail where to recognize the wall and how to combine higher and lower timeframes.
We detail how to combine higher and lower timeframes.
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Includes an ON/OFF function to overlay higher timeframes.
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Complete Edition【The Wall of Trading】
