【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 concern as well.
When the position you initially entered starts to grow, even though you know, "If I add one more lot here, I could take more," in practice you still can’t bring it in easily.
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 taken get eaten away.
That fear stops you from making logical, correct decisions.
But this way of thinking itself is off.
The risk of an added position is determined by the stop-loss width of the added position itself, sothe profits you took earlier should be considered separately, which is the right approach.
Move the existing position’s initial entry to a break-even stop order to make it "unloseable."
Then add the new position with a new stop-loss width.
That’s all there is to it.
Even on this chart, there was a pyramid-adding point.
While watching, be mindful of "where adding is most efficient."^^
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As I’ve said many times, in this 投資ナビ+ we explain in detail where to recognize the walls and how to combine higher and lower timeframes.
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Now, from here is the usual article.
It has an on/off feature to display the higher timeframe overlaid.
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Complete Edition [The Wall of Trading]
